Greenback Mostly Consolidates, While Yen Gyrations Point To Nervous Market
2026-01-27 08:45:00 ET
The greenback ( DXY ) is mostly softer against the G10 currencies today. Initial gains had carried the dollar to almost JPY154.90 before a large order, market nervousness over intervention saw a quick drop in early European turnover through yesterday’s lows (~JPY153.30) to about JPY153.20 before steadying. Dollar sentiment is poor amid fear of intervention and a new Plaza-like agreement. We suspect such talk is widely exaggerated, and the success of verbal intervention means that material intervention is not needed. Technically, the dollar looks stretched, and tomorrow’s conclusion of the FOMC meeting has often been a source of volatility....
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Greenback Mostly Consolidates, While Yen Gyrations Point To Nervous Market
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