Japanese Yen Rallies Amid Suspected Intervention; U.S. Dollar Softens Ahead of Key Jobs Report
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#9654910e ver:0.39

The Japanese yen rallied amid suspected intervention by Japanese authorities, as the US dollar softened ahead of a key jobs report. The intervention was strategic, taking place during light trading volumes, and aimed at preventing the yen from reaching new lows. However, the long-term outlook for the yen remains bearish, with the dollar still up over 10% this year. Market focus now shifts to the US jobs report, with analysts predicting the addition of 243,000 jobs in April. A weaker report could alleviate pressure on the yen, while a strong report may increase the likelihood of further intervention. #Forex #Yen #Dollar...

#newstr #JapaneseYen #Intervention #UsDollar #JobsReport 

 https://here.news/story/9654910e?ver=0.39