Intervention

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Key 100.00 level looms as USD/JPY continues plunge

August 2, 2016 8:57 PM
USD/JPY resumed its plunge on Tuesday as the dollar continued its recent slide on lowered Fed rate hike expectations and the yen rose despite news that the Japanese government had approved a hefty fiscal stimulus package worth 13.5 trillion yen.

Yen surges on US warnings against Japanese intervention

May 23, 2016 8:10 PM
<p>During the gathering of central bankers and finance ministers at the G7 meetings in Japan on Saturday, the US reiterated warnings to its host against intervening to weaken the yen. In the weeks prior to the meetings, Japanese officials had been issuing an intensifying stream of intervention rhetoric attempting to justify Japan’s readiness and wil...