Japanese authorities signal potential intervention in the face of weak yen

The Japanese yen has continued its downward spiral, hitting levels not seen since 1986, with the USDJPY currency pair breaching the ¥161.00 mark and peaking at ¥161.30. This trend has persisted despite recent attempts at intervention, raising significant concerns among Japanese officials and traders alike. Read to understand more on the potential intervention by the Japanese authorities.
Disclaimer:
Traders should stay prepared for volatility and rapid shifts in the market. As always, risk management is vital in navigating the currencies market.
Publication date:
2024-07-02 05:21:28 (GMT)
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