1. Japan Executes Rare FX Intervention to Prop Yen as USD/JPY Breaks 160, Oil Spike Fuels Currency Pressure
Japan's Ministry of Finance conducted a direct foreign exchange intervention to purchase yen, a move that came after weeks of escalating verbal warnings from senior officials as the dollar-yen pair surged above 160 for the first time since late March. The intervention marks a rare instance of Tokyo following through on...