"Yen Cools as Intervention Warnings Grow: March 27, 2024 News Wrap"
The Japanese yen took center stage as it fell to its lowest level against the dollar since 1990 before rebounding following a series of comments from Japanese officials and a sudden meeting between the Ministry of Finance, Financial Services Agency, and Bank of Japan. The dollar traded steadily against other major currencies, while European equities and US futures rose. Gold also showed potential for a rebound after facing resistance at $2,200.