Big Yen Spike Leaves Traders Guessing
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The yen has extended its sharp rebound -- gaining as much as 1.2% against the dollar today. Traders are increasingly alert to another intervention by Japan and the US after last month's record $96 billion effort. Investors are also questioning whether the Bank of Japan could raise interest rates more aggressively than previously expected. Bloomberg's Macro strategist Skylar Montgomery Koning joins Stephen Carroll and James Woolcock on Bloomberg Radio to discuss. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: App
Tags: Bank of Japan, Foreign Exchange, JGB, JPY, James Woolcock, Japan, Japan Economy, Japanese bonds, Japanese yen, Pension funds, Pensions, Scott Bessent, Skylar Montgomery Koning, Stephen Carroll, Treasury, central bank, japanese, pensioner
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