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intervention gave only brief respite to the Japanese yen as the dollar stayed strong on Monday, while sterling wavered as former finance minister Rishi Sunak emerged as frontrunner to become ...
The Japanese government has intervened in the currency market by buying the yen and selling the dollar for the first time in more than 24 years. The move was intended to keep afloat the value of ...
The dollar rose as high as 154.88 against the yen, a 34-year peak and edging closer to 155, a level seen by market participants as the new trigger for Japanese intervention. The greenback was last ...
The Bank of Japan delivered a widely expected 25 basis point hike to its key lending rate on Friday, bringing the overnight call rate to the highest since 2008 and putting pressure on the dollar. The ...
The yen hovered near a five-month low against the dollar yesterday, as the US Federal Reserve’s hawkish messaging contrasted with the Bank of Japan’s (BOJ) cautious approach to further policy ...