Anya Andrianova

By one measure, according to Point72 's Sophia Drossos , Japan's intervention to prop up the yen has achieved a key objective: Preventing the market from piling into lopsided bets against the currency.

Hedge funds slashed their bets against the yen by most since March 2020 after Japanese authorities likely stepped into the market in a bid to prop up the currency.

The strength of the US dollar is threatening to turn “sinister” for emerging markets, prompting authorities in more vulnerable nations to rethink interest rates cuts in order to defend their currencies, said Goldman Sachs Group Inc.'s

The strength of the US dollar is threatening to turn “sinister” for emerging markets, prompting authorities in more vulnerable nations to rethink interest rates cuts in order to defend their currencies, said Goldman Sachs Group Inc.’s Kamakshya Trivedi.

The strength of the US dollar is threatening to turn “sinister” for emerging markets, prompting authorities in more vulnerable nations to rethink

It would take broad risks to the global financial system for the US to potentially coordinate efforts with Japan to shore up the beleaguered yen, according to Bank of America Corp.

It would take broad risks to the global financial system for the US to potentially coordinate efforts with Japan to shore up the beleaguered yen, according to Bank of America Corp.

The yen jumped more than 1% against the dollar after a reading of US consumer price growth showed softening inflation pressures. Author of the article:

Carter Johnson and Anya Andrianova · Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields

The gulf between interest rates in the U.S. and Japan means traders are still betting against the yen — even after authorities likely intervened in recent weeks to prop up the beleaguered currency.