Yen hovers near intervention zone as traders weigh Middle East risks

Japan yen nears intervention zone; dollar steady as traders watch Iran

Yen hovers near intervention zone as traders weigh Middle East risks

TOKYO, May 27 : The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.The Australian dollar erased earlier gains against the greenback following coole

Japanese Yen Edges Higher On Intervention Risk And Renewed Iran–US Tensions

BitcoinWorld Japanese Yen Edges Higher on Intervention Risk and Renewed Iran–US Tensions The Japanese yen edged higher against the US dollar during Asian trading hours on Monday, as market participants weighed the dual pressures of potential currency intervention by Tokyo and escalating geopolitical tensions between Iran and the United States. The dollar-yen pair slipped below the 151.00 level, reflecting renewed demand for the yen as a safe-ha…

USD/JPY: Thick Daily Cloud Underpins Strongly But Traders Cautious on Looming Intervention - ActionForex

USD/JPY jumped on Tuesday as short-lived risk appetite was hit by renewed tensions in the Middle East that pushed the price to the upper side of a narrow near term range (158.80/159.35). The action remains well supported by thick daily Ichimoku cloud (top of the cloud lays at 158.85), as well as bullish daily studies […] The post USD/JPY: Thick Daily Cloud Underpins Strongly But Traders Cautious on Looming Intervention appeared first on ActionFo…