Japanese Government Confirms FX Intervention to Support Yen as Weakness Persists
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#56764ea7 ver:0.25

The Japanese government confirmed FX intervention to support the yen as weakness persists. They spent around 9 trillion yen ($57.11 billion) to prevent the yen from reaching a 34-year low against the dollar. The weak yen has mixed effects on the Japanese economy, benefiting exporters but increasing costs for imports. It also impacts global trade patterns, with exports to the US and China increasing while exports to Europe fall. The weak yen also raises concerns about its impact on India's trade with Japan. Market attention is now focused on whether Japan will intervene again. #FXintervention #yenweakness #globaltrade...

#newstr #JapaneseFxIntervention #YenWeakness #ForeignExchangeMarket #CurrencyIntervention #ImportCosts #TradeImpact #IndianTrade #Volatility #UsEconomy #FederalReserve 

 https://here.news/story/56764ea7?ver=0.25