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Japan's Finance Ministry says it conducted coordinated yen buying intervention with the US on Friday and won't hesitate to conduct further forex intervention with the US, adds intervention was to address recent excessive and disorderly moves in the yen

StockNow breaking-news AI analysis

Japan and the US launched their first joint yen intervention since 2011 to combat excessive volatility. Future operations will utilize the Fed's FIMA Repo Facility for liquidity.

News detail

Says:Japan also plans to utilise the Fed's Foriegn and International Monetary Authrorities (FIMA) Repo Facility in the future.

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