FOREX: Dollar Soars as Japan Intervenes, Traders Brace for Event Risk

The US Dollar is set to yield its strongest gain in three months as Japanese intervention amplifies profit-taking and repositioning before another busy trading week.

Japan Steps in and Resurrects Beaten Down US Dollar

Japanese intervention on Monday has resulted in a Yen sell-off of well over 4% and the move has also opened the door for some welcome broad based USD appreciation…

Japanese Ministry of Finance Intervention Sinks Yen, But Losses Short-Lived

The Ministry of Finance unveiled a ¥3 trillion package to unilaterally weaken the Japanese Yen early in Asian trading on Monday, lifting the USD/JPY from close to its all-time low. Ahead of trading in New York, however, the Yen had already regained some steam.

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