Tag: yen surges,
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Yen surges, analysts suspect official Japanese intervention
NEW YORK, July 30 : The Japanese yen surged on Thursday, in a move analysts said bore the hallmarks of official intervention by Tokyo to prop up a currency that has slumped to four-decade lows against the dollar. The dollar fell by as much as 3 per cent to 158.34 , down from 40-year highs…
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