1/5 The Reserve Bank of India is on a war footing. And this time, it is protecting the rupee.

1/5 The Reserve Bank of India is on a war footing. And this time, it is protecting the rupee.
The question now is whether $2 billion will change the expectations behind the rial's fall, or only mark the level where the next round of pressure starts. #IranianRial #CurrencyIntervention #Sanctions
Japanese Yen Surges to Seven-Month High as Bank of Japan Rate Hike Bets Weigh on Dollar
The Japanese yen has risen to a seven-month high against the US dollar as markets price in an approximately 80% chance of a Ba…
#bankofjapan #carrytrade #currencyintervention #federalreserve