Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again.
Japan has intervened multiple times to defend the yen around the 160 level, a strategy it is employing once again. Despite a substantial intervention exceeding $70 billion and a rate hike, these measures have not effectively or significantly bolstered the yen's value. This…
Market Samachar is a news aggregator. This article was originally published by CNBC. Tap the button above to read the full story on their site.