Yen’s wild ride: Ups, downs, and Bank of Japan interventions By Reuters
By Leika Kihara, Pasit Kongkunakornkul, Vineet Sachdev and Kripa Jayaram (Reuters) – The Japanese yen has been under pressure in the past few years as markets focused on the wide U.S.-Japan interest rate differentials. The yen lost more than 20% against the dollar since the outset of 2022, prompting several rounds of intervention by Tokyo…