Equiti: US-Japan coordinated effort stabilizes yen

Nur al-Din Al-Hamouri, Chief Market Strategist at Equiti Group, said that coordinated intervention to support the Japanese yen led to the halt of its decline and stabilized it after it was adversely affected by the rise of the US dollar and higher US bond yields. He noted that this move contributed to stabilizing the Japanese currency, despite ongoing global economic tensions and their impact on the markets.

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