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Brief: Japan Spent $35 Billion in One Day and the Yen Kept Falling
Published 1 month, 3 weeks ago
Description
Japan conducted its largest-ever currency intervention, spending ¥5.48 trillion to defend the yen, while simultaneously signaling willingness to intervene in oil futures. The US launched a "Maritime Freedom Construct" coalition to reopen the Strait of Hormuz. Kevin Warsh's Fed confirmation advanced,