Japan’s Yen Intervention Failed...Now What?

Japan’s currency intervention failed to sustain momentum as the yen slides back toward the critical 160 level.

Source: DepositPhotos

Japan and the United States just launched one of the most dramatic currency interventions in decades. But less than two weeks later, half the yen’s gains have already disappeared. The currency is already back around 159 to the dollar, once again threatening the psychologically important 160 level. Now what?
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