1. Yen Traders Braced as Japan’s $34.5 Billion Market Intervention Triggers Sharpest Rally in Three Years
Japanese authorities executed a significant currency intervention on Thursday, deploying an estimated $34.5 billion to prop up the yen in what marked the currency's sharpest single-day rally in three years. The move caught many traders off-guard and sent shockwaves through foreign-exchange markets, where the yen had be...