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The Bank of Japan reportedly conducted a rate check, with the Japanese Yen narrowing its intraday loss against the US Dollar to approximately 0.5%, trading back below 156.80.
Japanese media reported that the Bank of Japan (BOJ) inquired about exchange rate levels from market participants in the foreign exchange market late Friday morning ET during the US stock trading session. This move was interpreted by the market as a precursor to potential intervention, raising concerns about whether Japanese authorities are preparing for further forex market intervention.
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