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Monday, April 29, 2024



The Japanese yen maintains its impressive intraday comeback gains versus the US dollar at 155.00.

Yen rebounds to 155.00

The Japanese yen maintains its impressive intraday comeback gains versus the US dollar at 155.00.

Although there is little continuation, the Japanese Yen makes a strong intraday bounce from a nearly 40-year low.

Japan's Kanda declines to acknowledge that Monday's sell-off was the result of likely intervention.

Positive risk sentiment and the contrasting monetary policies of the BoJ and Fed should limit future gains for the JPY.

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