Japan’s Likely FX Intervention Has Little Effect as Yen Falls to 149.7 per Dollar
Japanese yen fell again Monday against the dollar even though policymakers likely intervened twice in the FX market to shore up the national currency.
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The Japanese yen fell 1.1% against the dollar after BOJ's dovish pledge to "patiently" maintain loose policy.
Japanese yen fell again Monday against the dollar even though policymakers likely intervened twice in the FX market to shore up the national currency.
Japanese authorities have said intervention is an option, but market analysts have expressed doubts.
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