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via wsj.comEconomy

Japan spent a record $50 billion in one day to bolster the yen

FROM THE WIRE · WSJ.COM

Japan spent a record $50 billion in one day during July to prop up the yen, underscoring an aggressive intervention campaign that included rare joint action with the U.S.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishAn intervention of this scale can strongly move the dollar/yen exchange rate and Japanese yields.AI-generated summary

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