The largest increase since last August! The yen surged twice in one day—will joint Japan-U.S. intervention in the foreign exchange market happen soon?
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This Friday, after three consecutive declines, the Japanese yen staged a dramatic rebound with two waves of rallies during the session. USD/JPY saw an intraday maximum drop of about 1.75%, marking the yen’s largest gain since August last year. This sudden movement sparked widespread market speculation about