Did Japan Intervene in the FX market? USD/JPY Sharply Lower

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Did Japan Intervene in the FX market? USD/JPY Sharply Lower

was spotlighted, hinting at potential Japanese FX intervention to counter the yen's undesirable weakening against the dollar, which soared past 160, a significant move indicating potential intervention.trends and interest rate differentials between the U.S. and Japan have been pivotal in the lead up to the 160 mark in USD/JPY as market participants favoured the carry trade.

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