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المشهد العربي
Yen gains after forex intervention
Reports indicate that the Japanese currency rose against the dollar after Tokyo and Washington jointly implemented rare measures for the first time since 2011 to support the yen. Liquidity was injected into the market to curb its severe depreciation, which had reached its lowest levels in nearly four decades. The dollar/yen pair declined by 0.75% to reach 156.44 yen, while officials confirmed that Japan is prepared to take further measures if necessary to ensure the stability of the national currency.
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