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Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more

Japan spent about $73 billion on foreign exchange intervention and the Bank of Japan has raised rate...

BUSINESS NEWS June 19, 2026

Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more

Japan spent about $73 billion on foreign exchange intervention and the Bank of Japan has raised rates, but the yen remains near 160 against the dollar.

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Japan spent about $73 billion on foreign exchange intervention and the Bank of Japan has raised rates, but the yen remains near 160 against the dollar.

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