Economic TimesLean R·
Global Market: US-Japan coordinated yen intervention raises pressure on bears, but BOJ policy holds the key
The first coordinated US-Japan yen-buying intervention in 15 years has triggered a sharp rebound in the Japanese currency, squeezing bearish positions. However, analysts believe lasting gains will depend on the Bank of Japan backing the move with interest rate hikes, as the US-Japan yield gap remains the key driver of yen weakness.
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