Economy
Investors are focusing on the yen in the intervention zone as the dollar approaches a two-month high
On Thursday, the dollar index remained close to a peak it reached over a span of two months. This surge was attributed to the Federal Reserve’s meeting minutes, which maintained the possibility of further interest rate hikes. Additionally, recent data highlighted the enduring strength of the U.S. economy.
Investors are maintaining a vigilant focus on the Japanese yen, which recently breached the significant level of 145. This occurrence marked the first time in nearly nine months that the yen reached this point. It’s noteworthy that the yen has entered a zone that had prompted Japanese authorities to intervene in the market during the months of September and October the previous year. This intervention was undertaken in response to the yen’s movement.