Japan's Currency Maneuvers: Interventions to Stabilize Yen Below 160
2 months ago
In a strategic move aimed at bolstering its national currency, Japan's government intervened in the foreign exchange market on two notable occasions in the last quarter, successfully bringing the yen's exchange rate down to below the key threshold of 160 against the US dollar. This initiative reflects Japan's ongoing efforts to manage the volatility of its currency amidst growing global economic uncertainties.
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