Yen surges to 6-month high as traders stay alert for signs of intervention - Financial Times — SkimNews

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- Yen rose to its highest level since February, described across coverage as a six- to seven-month high.
- U.S. inflation data was awaited by traders as the dollar drifted.
Why it matters: Currency traders have two immediate reference points: the yen reached its strongest level since February, while the dollar drifted before U.S. inflation data. With coverage also focused on intervention risk, the inflation release is the next stated event around which both currencies are moving.
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