Japanese Media: Japan Injects ¥10 Trillion to Intervene in FX Market, Resisting Yen Depreciation
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The Japanese government has reportedly intervened in the foreign exchange market since last week, injecting approximately 10 trillion yen to prevent further depreciation of the yen, according to central bank data. The yen-dollar rate has been hovering around 157 yen even after the intervention, and future trends are being closely watched.