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Japan central bank acts to stem yen's decline against dollar

Por: Associated Press Business September 22, 2022

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TOKYO (AP) — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S. to raise its benchmark rate by three-quarters of a percentage point. The dollar later fell sharply to about 142 yen. It was trading at 143.05... + full article



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