What Triggered Friday’s Sudden Spike in the Japanese Yen

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Friday was a quiet day in markets for the moast part, but there was one big move that raised eyebrows: Late in the New York morning, the U.S. dollar suddenly cratered against the Japanese yen.

The move quickly spilled over into other currency pairs, as the dollar was dragged lower against the euro.

Note: The HTML contained a lot of styling information (CSS) embedded within the text. I’ve removed that too present just the readable content.