The dramatic recovery staged by the Japanese yen over the past week looks to be coming to a sputtering halt, keeping intact for now a key resistance level that’s held firm throughout this year. The yen on Monday chalked up its strongest four-day run since the early days of the Covid pandemic and was on course for a fifth daily gain on the back of rising geopolitical concerns in Asia before an abrupt turnaround in risk sentiment that’s seen Treasury yields surge and the dollar along with them. The arrival of US House Speaker Nancy Pelosi in Taiwan, whose imminent visit had been fueling risk aversion, was accompanied ... (full story)