Category: Japanese
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Japanese yen rises, USDJPY hits 3-week low on suspected intervention By Investing.com
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Investing.com — The Japanese yen rose on Friday, with the USD/JPY pair hitting a three-week low after sharp declines this week that traders largely attributed to government intervention. The pair, which measures the amount of yen needed to buy one dollar, was trading 0.2% higher at 153.34 yen. It had…
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Volatile Japanese yen movements suggest intervention; here’s how we can confirm By Investing.com
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Investing.com – The Japanese yen has seen some volatile trading this week, raising speculation that the country’s authorities have intervened to try and stem its seemingly relentless decline. Here’s how we can confirm the intervention. At 11:15 ET (15:15 GMT), the pair traded 0.7% higher at ¥157.37, after climbing as…