Topic
yen-intervention
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Benzingafinance67 days ago
Japan Intervenes In Currency Market With $35 Billion Yen Purchase
Japanese officials issued a warning about speculative trading in the yen last week, prompting a 3% one-day gain in the currency. The Bank of Japan followed with intervention that cost up to $35 billion, according to central bank accounts. The U.S. dollar traded around 157 yen aft…