Yen strengthens on rate-hike bets; intervention speculation rises
The yen extended gains after the Asia session following a surge in U.S. hours, lifting expectations for possible market intervention. Analysts at Maybank pointed to short positioning that can amplify appreciation on positive developments.
The yen keeps gaining strength after in the Asia session after a surge during U.S. hours spurring speculation about potential market intervention.
Maybank analysts note that the market's inherent short positioning can trigger significant appreciation on positive developments.
The ones that seem to…