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Japan's April Yen Intervention Sets Record, Blindsides Europe
Japan's yen-buying intervention in April reached a record 6.2 trillion yen in a single day, confirming a three-day effort to strengthen the currency. The Financial Times reported that the US sale of euros for yen intervention blindsided European officials.
7 Aug, 00:02 — 7 Aug, 01:56
The Story
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Source Diversity
High (55/100)4 sources30/33
Spectrum spread— 2/5 buckets covered8/33
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Center (3)
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Geographic diversity— 4 regions17/34
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Sources
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bloombergHigh18d ago
US Sale of Euros for Yen Intervention Blindsided Europe, FT Says
The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.
By Yoshiaki Nohara
Read full article →channel-news-asiaMostly Factual18d ago
Japan's April yen-buying intervention sets fresh daily record
Read full article →Coverage Timeline
First report: Reuters · 7 Aug, 00:02|Full coverage: 4 · 2h|Window: 2h
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