Japan's Intervention Imminent as Yen Plummets, USD/JPY Surges to 34-Year High
Japanese authorities intervene as USD/JPY surpasses 160, yen stabilizes around 154.5. BOJ faces dilemma: intervene or raise rates? Debt-to-GDP ratio exceeds 260%. Yen's decline may impact global currencies, Fed's stance crucial.
Xu Lin