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The Wall Street Journal

Japan Jumps Into Market to Purchase Yen for First Time in 24 Years; Forex Rallies


TOKYO—Japan intervened within the foreign-exchange market by shopping for yen for the primary time in 24 years, shortly after the Financial institution of Japan accelerated a fall within the foreign money by confirming it would maintain ultralow interest rates.

The uncommon intervention was the newest instance of world concern triggered by the strong dollar, which has gained floor on the again of the Federal Reserve’s interest-rate increases.

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