Yen Volatility and Dollar Decline Amid Geopolitical Tensions

On Friday, the yen experienced volatility, raising speculation that Japanese authorities conducted a rate check, hinting at possible intervention to strengthen the yen. Meanwhile, geopolitical tensions, including U.S. President Trump’s dealings with Greenland, prompted the dollar's steep weekly decline, unsettling global investors.

On Friday, the yen exhibited significant volatility, sparking market speculation that Japanese authorities might have conducted a rate check. This move is often considered a precursor to possible intervention aimed at stabilizing the currency, especially as the yen strengthens against the dollar.

Traders are on high alert for any potential intervention from Tokyo to halt the yen's slide. Despite rumors, the market largely believes that there was no direct intervention but instead a rate check to signal Japan's readiness to act.

Meanwhile, the geopolitical landscape continues to affect global markets, with U.S. President Donald Trump's Greenland-related announcements impacting the dollar, leading to its steepest weekly decline since June. Investors remain cautious amid the ongoing fiscal and geopolitical uncertainties.