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The Economic Times

Business / The Economic Times

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Fed signal sparks Yen bounce, but joint FX firepower still missing

The New York Federal Reserve's recent action has lowered the bar for Japan to intervene in currency markets. This has led to a strong rebound in the yen after a period of weakness. However, coordinated intervention by Japan and the United States is not expected soon. This development has kept currency markets watchful.

28 Jan 2026 10:46 am