The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday's action by Japanese
Commerzbank’s Volkmar Baur reports that Japan’s Ministry of Finance intervened in FX markets, with apparent US Treasury support, to address a weak Japanese Yen as Tokyo inflation stabilises around 2% with upside risks.
AUD/USD trades above 0.7000, up 1.06% and roughly 85 pips clear of a session low set just below 0.6950 in the early European hours. The advance cut through the 50-day Exponential Moving Average (EMA) sitting at 0.7000, a level the pair has been rejected at repeatedly since June.