Japan

Yen surges amid signals Japan intervened again in FX market

Photo of Riley Chloe Riley Chloe October 22, 2022
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The yen soared the most against the dollar since March 2020 as Nikkei reported Japanese authorities intervened again to prop up the currency.

The yen jumped as much as 2.7%, to ¥146.23 per dollar, reversing an earlier drop that had sent it to a fresh 32-year low of ¥151.95 on Friday. The currency traded around ¥147.35 as of 4:20 p.m. in New York.

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