ENTITY Julius Baer

Julius Baer

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RESEARCH · CL_197193 · Aug 12 · 17:13

US and Japan intervene to support yen, but underlying issues persist

The U.S. and Japan have intervened in currency markets to support the Japanese yen, marking the first joint action since 1998. Despite this significant effort, the yen's gains have been short-lived, as underlying econom…