Japan's Financial Leaders Unite in Defense of the Yen, Spark

Japan's Financial Leaders Unite in Defense of the Yen, Sparking Rebound

Japanese Yen staged in a notable rebound in European session, triggered by heightened market vigilance towards market interventions. This reaction comes in the wake of a significant meeting between Japan's Ministry of Finance, Financial Services Agency, and Bank of Japan, marking the first such tripartite gathering since last May. The meeting was called into action as Yen plunged to a 34-year low against Dollar briefly, prompting concern over the currency's rapid depreciation.

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