EconomyYen Moves Higher Again as Japan and US May Take Unusual Coordinated Action
Japan’s government and central bank intervened in the market on the night of the 30th, Japan time, to curb the yen’s historic decline. From the evening of the 31st into the early hours of the following day, the currency repeatedly made sharp moves toward a stronger yen. The US monetary authorities may have taken part in an unusual coordinated response aimed at correcting the yen’s weakness.
Yen Moves Higher Again as Japan and US May Take Unusual Coordinated Action
Economy