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EBC Daily Snapshot Apr 22, 2024

EBC Forex Snapshot 22 Apr 2024 The yen barely moved in Asian trading on Monday and the US dollar was perched just off five-month highs after last week's hectic policy and geopolitical developments. The yen was close to the 155-level that may trigger possible intervention by Japanese authorities. Trader positions betting it will weaken have become stretched, reaching record levels, data from CFTC showed. After the sharp decline in the yen and the won, the US, Japan and South Korea said in a trilateral statement released last week that they will continue to consult closely on FX market developments. EBC Wealth Management Expertise Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation byEBC Wealth Management Expertise or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-04-22 10:53:50 (GMT)

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