Analyst: The coordinated intervention in the exchange rate by the US and Japan puts pressure on the dollar, and the DXY falls below the 97 mark

According to Jinshi News, the US Dollar Index (DXY) fell below the 97 mark on Monday, the first time since September of last year. Investors are discussing the possibility of the US participating in Japan's foreign exchange intervention actions, worrying about the status of the dollar as a global reserve currency. Daniel Baesa, Senior Vice President of Frontclear, stated that signals of policy coordination could exacerbate short-term downward pressure on the dollar, especially if the Federal Reserve takes a dovish stance.