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The JPY weakened significantly overnight after the Bank of Japan (BOJ) raised interest rates to a 30-year high, with the US recently intervening alongside Japan to support the JPY.
The Bank of Japan (BOJ) raised interest rates to a 30-year high this week, but the market found its policy stance unconvincing, leading to a significant weakening of the Japanese Yen overnight. The United States has recently joined Japan in intervening in the foreign exchange market to support the Yen, in response to potential ripple effects.
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Source：WSJ市场 · Source Link
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