Yen Slips as Intervention Threat Persists — SkimNews
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- Yen slipped against the dollar amid persistent threats of Japanese currency intervention to stem the decline.
- Dollar held steady against major peers as markets weighed the risk of intervention against underlying US economic fundamentals.
Why it matters: The persistence of intervention threats indicates Japanese authorities are prepared to deploy foreign currency reserves to defend the yen — a costly move that signals the currency's slide has become severe enough to warrant official action against disorderly declines.
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