The Japanese yen strengthened against the dollar on Wednesday, amid a broader cooling of market sentiment. Oil prices surged toward $100 per barrel during the session.
The currency moves were part of a broader cross-asset shift, with broad FX movements driven by energy supply dynamics and safe-haven flows affecting major FX crosses tracked by European desks.
Further verified details on the underlying drivers behind the dollar's weakness and the pace of the yen's gains were not immediately available.
