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US-Japan Yen Intervention Slams USD/JPY: More Action Ahead?

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The Story

News Summary

  • US and Japan conducted rare coordinated yen-buying intervention, pushing yen from 164 to 155-157 per dollar.
  • Officials warn more intervention possible, but structural rate gaps and Japan's massive debt keep yen fundamentally weak.
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USDJPY price history

154.87 -1.26% over the displayed period

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