StartupsFortuneabout 4 hours ago
Yen intervention fails to calm currency markets
4 min read
The first U.S.-Japan joint yen intervention in three decades saw the U.S. buy $5 billion-$10 billion and Japan over $50 billion, briefly strengthening the yen to 157 per dollar before it slipped back to 159. Analysts warn the yen's weakness signals deeper debt risks.
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