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Analyst: US-Japan coordinated intervention to stabilize the exchange rate puts pressure on the dollar, with DXY breaking below the 97 level
Mars Finance reports that the US Dollar Index (DXY) briefly fell below the 97 level on Monday, marking the first time since September last year. Investors are discussing the possibility of the US participating in Japanese foreign exchange intervention and are concerned about the dollar’s status as the global reserve currency. Daniel Baesa, Senior Vice President of Frontclear, stated that signals of policy coordination could increase short-term downward pressure on the dollar, especially if the Federal Reserve adopts a dovish stance.