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  • History of Japan’s intervention in currency markets

    (Reuters) - A precipitous drop in the yen has investors wary that Japan intervenes in the open market to support the currency. [FRX/] It is more than a decade since Japan intervened directly in the foreign exchange market and more than two decades since it intervened to support its currency. Here is a timeline of…

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  • S&P cuts Russia’s foreign currency rating to ‘selective default’

    MELBOURNE (Reuters) - S&P on Saturday lowered Russia's foreign currency ratings to "selective default" on increased risks that Moscow will not be able and willing to honor its commitments to foreign debtholders. Facing waves of sanctions over its invasion of Ukraine, Russia could face its first sovereign external default in over a century after it…

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