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Japan Intervenes to Support Yen First Time Since 1998 – Bloomberg

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000

Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries.
Bloomberg Investigates takes viewers on an immersive journey to the heart of our most powerful reporting. Each investigation is recounted by award-winning journalists and the people who are living the story.
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WATCH: Japan’s intervention comes as the yen sank to its lowest level against the dollar in 24 years.
Japan intervened to support the yen for the first time since 1998, seeking to stem a 20% decline against the dollar this year amid a widening policy divergence with the US.
The yen rose as much as 2.3% against the dollar, pulling back sharply from the lows of the day when it had breached a key psychological level of 145, as top currency official Masato Kanda said the government was taking “bold action.”

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