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The Japanese Yen rose sharply amidst a broader U.S. Dollar selloff that followed the Federal Reserve's May 01 policy update, leading to speculation that authorities have again intervened to strengthen the local currency says XM.com's Charalampos Pissouros.
May 2,2024
Dollar-Yen popped above 160 in a rapid move in thin liquidity. However, hours later, it slumped to 155.01 with speculation of possible intervention from Japanese authorities.
April 29,2024
The Japanese Yen was sold across the board after the Bank of Japan confirmed it would continue with an age-old policy of ultra-low interest rates and continue to buy government bonds.
April 26,2024
The BoJ has a history of disappointing hawkish expectations, and thus, should this be the case again, the yen is likely to continue falling.
April 25,2024
Even with the dollar pausing its latest rally, Dollar-Yen hit a fresh 34-year high at around 154.85.
April 23,2024
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