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Yen Suddenly Spikes Sparking Intervention Chatter

Yen Suddenly Spikes Sparking Intervention Chatter

Having broken hand held above 160/USD, this morning (as the G20 meeting comes to an end), the yen is suddenly spiking higher, prompting desk chatter of another intervention…“The market remains on high intervention alert,” said Alex Cohen, a foreign-exchange...
Bessent Blames China For Derailing G20 Joint Communique

Bessent Blames China For Derailing G20 Joint Communique

The Group of 20 finance meetings in Asheville, North Carolina, concluded on Tuesday after four days of discussions among finance ministers and central bank chiefs on global trade. The news late Tuesday was that China had derailed the group’s efforts to issue a...
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