USD/JPY: Dollar Hits 156 Yen as Intervention Fears Grow
Yen Surges as Japan Triggers Strategic Exchange Rate Intervention to Halt Dollar Slide TOKYO — The Japanese yen experienced a dramatic rally this week, clawing back value against the U.S. dollar after Japanese authorities stepped in to curb a volatile downward spiral. In a coordinated effort to stabilize the currency, the government and the Bank … Read more