Yen’s Correlation With Oil Hit 2021 High Before Intervention
The correlation between dollar-yen and Brent crude rose to its highest level since late 2021 a day before Japanese authorities intervened in the currency market, underscoring the tighter link between...
By John Cheng, Masaki Kondo · Bloomberg Markets
The correlation between dollar-yen and Brent crude rose to its highest level since late 2021 a day before Japanese authorities intervened in the currency market, underscoring the tighter link between oil prices and the yen.