Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more
- Posted on June 19, 2026
- By CNBC
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- 1 min read
Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more
Japan was willing to step in to defend the yen around the 160 level before, and it's at that point again.
