Why the historic U.S.-Japan intervention has failed to halt the yen’s slide
Lee Ying Shan@in/ying-shan-lee@LeeYingshan The Japanese yen has erased about half the gains from a historic U.S.-Japan intervention less than two weeks ago, as the fundamental forces that have pressured the currency to multi-decade lows prove increasingly resilient against short-term measures. Japan’s currency is currently trading at over 159 per dollar, after having strengthened to 155 in […]
