Yen's Post-Intervention Rebound Short-Lived, 2024 Scenario May Repeat
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The Japanese Yen's rebound against the US Dollar after government intervention is showing signs of quickly fading, raising the likelihood of further intervention to defend the currency. This mirrors the pattern seen in 2024 where the Yen depreciated after interventions, driven by interest rate differentials between the Bank of Japan and the US Federal Reserve.