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Depreciation US dollar after intervention of Japanese’s central bank

The US Dollar (USD) took it on the chin on Monday during the Asia-Pacific trading session.

Although still unconfirmed, markets are speculating over the possibility that the Bank of Japan (BoJ) or its Ministry of Finance intervened in the forex market to support a rapidly weakening Japanese Yen (JPY).

The USD/JPY pair slid lower from 160.17 to 154.50, a more than 3.50% appreciation of the Japanese Yen against the US Dollar.

This sharp move had a ripple effect through the forex markets.


Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company. 

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