What the market is saying about the U.S. intervention to prop up the yen

🇯🇵 CNBC (JP) —
What the market is saying about the U.S. intervention to prop up the yen

AI Summary

US intervention to stabilize the Japanese yen has influenced the currency's exchange rate, lowering it from just above ¥163 to ¥157 per dollar. This intervention counters the yen's historically low valuation in recent decades.

Following the joint involvement the yen now sits at ¥157 to the dollar, down from just above ¥163, which represented its lowest level in four decades.

Politics Markets US intervention Japanese yen currency exchange forex market exchange rate finance

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