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Japanese Yen (JPY) Collapses Across the Board as the BoJ Ramps Up Bond Purchases

September 7, 2022

Via: DailyFX

The Japanese Yen is friendless at the moment and is sinking against a wide range of currencies as the central bank step continues to buy government bonds in size to keep interest rates lower for longer. The Japanese Yen is trading at a fresh 24-year low against the US dollar, a 14-year low against the Canadian dollar, and a seven-year low against the Swiss Franc.

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