$DOGE
๐จโก๏ธ Markets are on high alert after Japanโs Prime Minister Sanae Takaichi warned of action against โabnormalโ yen moves, fueling speculation of imminent currency intervention โ possibly with U.S. support ๐๐ข
Traders reported the New York Fed contacting banks about the yen, a move often seen as a precursor to intervention. The yen rebounded sharply after sliding toward 160 per dollar, its biggest one-day gain since August ๐
With short yen positions at decade highs and elections approaching, officials appear ready to act again, especially if the currency weakens further ๐
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐