Yen’s Relentless Slide Tests Tokyo’s Resolve After Historic U.S. Intervention
The Japanese yen has given back nearly half its recent gains. Traders now watch the 160 level with rising unease. Intervention bought time. It did not fix the fundamentals. Just weeks ago, Washington joined Tokyo in a rare coordinated push to buy yen. That operation, the first joint effort since 1998, drove the currency from
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