Rapidly appreciating yen; Japanese and US authorities are expected to conduct a “rate check”

In the foreign exchange market, from the evening of the 23rd to the morning of the 24th, the yen appreciated sharply and the dollar depreciated by more than 3 yen. Price movements from the beginning of the week will be closely watched as it appears that the Japanese and US authorities may have carried out a “rate check,” which can be seen as a preparation for market intervention.



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