WAVE FX
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Repost from N/a
Despite the Japanese yen's near ¥155 against the dollar, the Japanese government is unlikely to intervene in the market right now.
The yen's decline is largely due to a reassessment of Japan's financial risks and a change in policy expectations from the Bank of Japan.
Although Japan's Finance Ministry has about $270 billion ready to intervene, officials are unlikely to take action until market volatility becomes too high or market movements become disorderly.
