BOJ intervenes to defend yen near 160, holds rates steady
CoinTelegraph·
60-second summary
The Bank of Japan is intervening in the foreign exchange market to defend the yen, which has crossed a key psychological level near 160 against the US dollar. This move is reportedly a major currency intervention, with exact details still unclear.
The Japanese yen crosses a key psychological level after the country’s central bank reportedly conducted a major currency intervention.