Yen Softens as Japan Confirms No FX Intervention in August-September

UOB Global Economics & Markets Research··JPUS·Read original
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The Japanese Yen weakened after Ministry of Finance data confirmed no foreign exchange intervention took place between 27 August and 28 September, following July's record coordinated US-Japan operation. UOB Global Economics & Markets Research noted that USD/JPY reversed intraday losses to close flat at 157.41. The absence of intervention left the Yen soft against the Dollar.

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