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Analyst: Japan suspected of intervening in the yen exchange rate
GateNews
Odaily Planet Daily News: Financial website Investinglive analyst Giuseppe Dellamotta stated that after the Bank of Japan’s interest rate decision led to a weakening of the yen, it appears that Japanese officials indeed intervened in the foreign exchange market. It seems that Japanese officials have set the bottom line for the USD/JPY exchange rate at 159.00. Last week, we also saw the authorities increase their verbal intervention efforts, which helped ease pressure on the yen. (Jin10)
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