Yen spikes on potential intervention; oil rises on Iran tensions
TL;DR Summary
The yen jumped against the dollar amid signs authorities could intervene to defend it, with rate checks fueling speculation of official action. Oil prices climbed on intensified U.S. pressure on Iran, while gold reached record highs and global equities drifted higher ahead of key economic events, including a Federal Reserve meeting.
- Yen spikes with intervention in focus; oil rallies on Iran fears By Reuters Investing.com
- Yen volatile on rate check speculation, dollar set for sharp weekly drop CNBC
- This is what caused Friday’s sudden spike in the Japanese yen MarketWatch
- Yen Jumps Most Since August as Risk of Intervention Ramps Up Bloomberg.com
- Bank of Japan Keeps Rates at 30-Year High as It Gauges Impact of Last Hike The Wall Street Journal
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