The market is shaking amid speculation of a rare event: A coordinated currency intervention between the United States and Japan for the first time in a decade and a half, severely shaking the Greenback's position.
🔸 Selling pressure has pushed the US Dollar down for the 3rd consecutive day, falling to its lowest level since September. Conversely, the JPY has surged 1%, hitting 154 JPY/USD, a 2 month high.
🔸 The market is reacting strongly to the scenario where the US supports Japan in exchange rate intervention, rather than leaving Tokyo to fight alone as before. If realized, this would be the first time in 15 years that these two powers have coordinated action, sending an extremely strong signal about reversing the USD strength trend.
With the USD weakening due to government intervention pressure, will capital quickly flow into risk assets like Gold( $XAU ) and $BTC to front run the cheap money trend?
News is for reference, not investment advice. Please read carefully before making a decision.
