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‘A New Plaza Accord?’

Japan’s battle against yen bears enters new phase
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GEORGE V MAGAZINE
Neubauer Artists LLC
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The Fed repo facility is one element in a broader campaign to strengthen the yen

TOKYO — Japan’s currency authority remains defiant despite the yen surrendering about half the gains it picked up against the dollar following a round of interventions that included a joint U.S.-Japan operation to support the currency, the first such tag-team effort in 28 years.


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