Yen Strengthens Amid Speculation of Further Intervention by Japan and US
The Japanese yen has risen for a third consecutive session, driven by speculation of further intervention by Japan and the United States to support the currency. Last week, both countries conducted a coordinated yen-buying intervention, which has led to increased vigilance among traders. The yen's appreciation comes amid a backdrop of falling oil prices, following President Trump's decision to refrain from escalating tensions with Iran. Rising energy prices are expected to impact the euro zone and Japan more heavily than the United States, which is relatively insulated from oil shocks. 
