The Japanese yen is trading near its lowest levels in more than three decades, reviving speculation of another round of government intervention. Even after the Bank of Japan raised interest rates in March for the first time since 2007 and again in July, the gap in borrowing costs in Japan and the US is weighing on the currency. Expectations that the Federal Reserve would trim rates less aggressively than previously thought in 2025 have contributed to the weakness.
Did Japan Intervene to Prop Up the Yen? How We Might Know
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