Forex
Yen holds near 158 per dollar as Japan toughens its tone, Nikkei jumps to three-month high
The dollar firmed and USD/JPY held near 158 after Japanese officials toughened their tone on the weak yen.
The Nikkei jumped 2.5% to a three-month high, as AI stocks rallied on reduced bets for a Fed rate hike.
For beginners When a country's officials publicly voice concern about a weak currency, markets read it as a hint of possible intervention, which can temporarily curb further declines.