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Japanese currency hits strongest level in over two months, reversing weeks of decline driven by fiscal concerns and Middle East uncertainty
Tokyo and Seoul moved in tandem to support their currencies ahead of a Bank of Japan meeting, but the dollar rebounded within hours as traders tested official resolve.
Tokyo's signals remain opaque while the currency tests levels last seen during previous government action
The ringgit strengthened against the euro, yen, and sterling in Wednesday trading while holding steady versus the dollar amid escalating Middle East conflict
Currency traders see limited prospects for recovery amid persistent economic headwinds and policy divergence
Japanese currency breaks two-week pattern amid growing market concern over coordinated official action
