Yen’s freefall prompts Japanese intervention as USD/JPY hits 34-year high

Quick Take The Japanese yen’s freefall against the US dollar has reached alarming levels, prompting intervention by Japanese authorities in the foreign exchange market. According to the Wall Street Journal, officials confirmed their actions to support the yen’s value on Monday morning. The yen’s weakness has been relentless, with the USD/JPY pair surging past the […] source: https://cryptoslate.com/insights/yens-freefall-prompts-japanese-intervention-as-usd-jpy-hits-34-year-high/