Yen selloff weighs on world’s third largest economy ...Qatar

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Yen selloff weighs on world’s third largest economy
The yen is steadfastly sticking with its long losing streak as the Bank of Japan has bucked a wave of tightening by most central banks of developed economies to fight inflation. Japan likely conducted its biggest ever currency intervention to prop up the yen late Friday. The size of the suspected market action is estimated to be as much as ¥5.5tn ($36.8bn), according to a basic calculation using the BoJ’s forecast for the change in its current account and the Central Tanshi projection for the balance assuming no intervention. But the currency weakened on Monday and traded 0.9% weaker at around 149 per dollar. On Friday, the yen soared the most against the greenback since March 2020 amid rep

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