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Japan held off from forex market intervention in Nov - ministry

From channelnewsasia.com

Japan stayed away from intervening in the currency market in Nonvember for the first time in three months, the finance ministry said on Wednesday, as speculation grows for the U.S. Federal Reserve to slow the pace of rate hikes as inflation peaks. The monthly data was closely watched for signs of a stealth intervention by Japan in November to stem the decline in the yen against the dollar, as authorities have been tight-lipped on currency action. In September, Japan made its first foray into the market to prop up its currency since 1998. That was followed by record buying of 6.35 trillion yen in last month's ... (full story)

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