13 August 2026 at 12:29 am
Summary
Despite a joint $59 billion intervention by Japan and the U.S. to strengthen the yen, the currency has already lost half of its post-intervention gains. Economists attribute the yen's continued weakness to the significant interest rate gap between the U.S. and Japan, concerns over Japan's fiscal spending, and better yields available elsewhere.
Yen Trades Near 160 Level as Market Eyes Potential Intervention
13 Aug 2026, 2:29 am · Economics
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