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In a move reminiscent of the 1985 Plaza Accord, the Biden administration, alongside its Asian allies, appears to be laying the groundwork for a coordinated intervention effort aimed at stemming the strength of the US dollar.
April 19,2024
Dollar-Yen's recovery from its overnight lows means price is forming a potential hammer candle on the daily timeframe.
April 18,2024
Analysts at Standard Chartered Bank say Japan's Ministry of Finance (MoF) might intervene in the USD/JPY exchange rate if it crosses the 152 level.
April 9,2024
The Dollar-Yen exchange rate is looking more comfortable below 152 following hawkish comments from Bank of Japan Kazuo Ueda that signal the prospect of further rate hikes.
April 5,2024
Japanese lender MUFG Bank says the Yen faces a decisive turning point and will bring an end to the spell of multi-year declines against the Dollar, Pound and Euro.
April 4,2024
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