Yen Volatility Spikes Amid Rate Check Speculation
🇯🇵 **Yen Volatility Sparks Intervention Speculation**
The **Japanese Yen** experienced notable volatility on Friday, characterized by **two sharp upward movements**.
These rapid gains triggered market speculation regarding a possible **rate check** by Japanese authorities. A rate check is typically a precursor to potential **FX intervention** aimed at preventing further depreciation of the Yen.
Traders are maintaining a high degree of **vigilance** for any definitive action from Tokyo designed to stabilize the currency.
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🌍 **Geopolitical Tensions Affect USD**
Separately, **global markets** showed sensitivity to ongoing **geopolitical tensions**, which notably influenced the trading sentiment surrounding the **US Dollar**.