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Yen Surges as Japan, Korea, and Possibly US Intervene to Curb Weakness

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Japan and South Korea intervened to support their currencies, with signs of U.S.
  • coordination.
  • The yen surged sharply against the dollar, marking the biggest intervention effect in nearly two years, though some gains were pared after BOJ held rates steady.
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USDJPY price history

157.28 +0.89% over the displayed period

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