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Forex

Yen Strengthens Amid Rumors of Another Intervention

Guavy AI Editorial Team
Instruments
JPY
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The Japanese yen strengthened against other major currencies in Asian trading on Monday amid rumors of another intervention to support the currency. The move comes after Japan and the US confirmed a joint intervention last week.

Japan's Finance Minister Satsuki Katayama said that authorities coordinated a yen-buying intervention with the US on Friday, stating they would not hesitate to engage in additional foreign exchange intervention with Washington if needed.

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