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The Economic Times

Markets / The Economic Times

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Yen sees two sudden spikes as rate check speculation swirls

The Japanese Yen saw significant volatility on Friday. Two sharp upward movements sparked speculation that authorities might have conducted a rate check. This action often signals potential intervention to curb the Yen's decline. Traders remain watchful for further moves by Tokyo to stabilize the currency. Global markets also reacted to geopolitical tensions affecting the US Dollar.

24 Jan 2026 9:32 am