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The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline, investors have been forced into a rethink by a red-hot US economy and sticky inflation requiring the…

Traders on alert for Japan intervention to prop up the yen. Read more at straitstimes.com.

The yen plunged through a level that Wall Street has warned could push Japanese authorities to step into the market to support the currency and then kept on going.

Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.