Money in Motion

Yen Tumbles, Dollar Soars as Japan Makes a Move

Japan intervenes, the dollar jumps, and Argentines are on a tighter leash - time for your Monday FX Fix.

Japan intervened in the market for the second time in three months after the yen hit a record high. [CNBC]

The dollar surged after Japan intervened, but a slew of data and central bank meetings await. [WSJ]

The Australian and New Zealand dollars fell after Japan's intervention. [WSJ]

Argentines have been rushing to exchange pesos for dollars, and now they are facing tighter foreign exchange controls to guard against capital flight. [FT] 

Gold-risk correlations are rising, and the metal's direction tends to be inverse of the dollar's. []



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