🔒 Analysts see an to end bearishness on emerging-market currencies

A strengthening dollar, the yuan’s relentless slide and war in Ukraine have been a toxic mix for emerging-market currencies this year. The MSCI’s gauge of emerging-market currencies has weakened about 8% this year, near the record annual drop of 8.7% posted during the 2008 crisis.

🔒 Japanese Yen marks 32-year low as BOJ intervention speculation ramps up

The yen has wiped out last month’s intervention-driven gains despite the government confirming an almost $20 billion spend and unleashing a barrage of warnings to dissuade traders from testing its resolve. Options markets are suggesting the market is bracing for another bout of yen-buying intervention.