Economic TimesLean R·
Volatile yen draws intervention watch, other currencies subdued
In response to last week's notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting at possible intervention measures to stabilize the currency's value. This comes as major central banks, including the Federal Reserve and European Central Bank, have recently raised interest rates, prompting investors to evaluate the implications for global interest rates and inflation.
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