Japan Intervenes to Support Yen

Japan and US jointly intervene to support the Yen The Japanese Yen trades lower against major currency peers after a rare outperformance. The Japanese currency is down 0.25% to near 157.60 against the US Dollar. The coordinated action was aimed at countering “exc

Japan and US jointly intervene to support the Yen

The Japanese Yen trades lower against major currency peers after a rare outperformance.

The Japanese currency is down 0.25% to near 157.60 against the US Dollar.

The coordinated action was aimed at countering “excessive volatility and disorderly movements in recent months.”

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