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Yen recoups gains after U.S.-Japan intervention fails to stop slide

The yen has given back roughly half of the gains from an unprecedented U.S.-Japan intervention carried out less than two weeks earlier.

Reported · Written up by our desk · Major Pairs

CNBC Markets reports that the Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention carried out less than two weeks ago.

The outlet frames the move as having failed to halt the yen’s slide, with the currency continuing to unwind much of the initial impact.

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