Euro tumbles against Japanese Yen on suspected Japan’s intervention

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Summary · why it matters

The Euro fell nearly 0.5% to around 184.00 against the Japanese Yen during European trading on Thursday. The EUR/JPY pair slumped as the Yen staged a sudden strong rally, which appeared to be the result of intervention by Japan.

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💱Euro/US Dollar FX Spot Rate
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Suspected intervention by Japan strengthens yen, weakening euro against yen; for EUR/USD, yen strength is not directly relevant, but the euro weakens broadly.

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