Archive for April 20th, 2022

New Overnight Developments Abroad - Daily Update

Intensifying Onslaught in Ukraine and Concerns over the Weakness of the Yen and Yuan

April 20, 2022

The weighted dollar index got as high as 101.04, a 2-year high, overnight. Dollar/yen touched a 20-year peak of 129.4, prompting a verbal protest against the yen’s slide from Japan’s finance minister. In the past, verbal complaints about currency values served as a threat to the possible use of direct foreign exchange intervention if the […] More