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
The Japanese Yen (JPY) posts moderate losses against the US Dollar (USD) on Friday, with the USD/JPY trading just above 160.00 at the time of writing, after whipsawing within a rough 240-pip range between 158.60 and 161.00 earlier on the day.
Japanese and South Korean officials stepped in to buy their currencies in the open market in what sources described as a rare and an unprecedented coordinated market intervention, possibly alongside the United States (US), Reuters reported on Friday.