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The yen is strengthening after a sharp decline against the dollar


April, 29 2024

The exchange rate of the Japanese yen against the US dollar continues to strengthen, reaching 155 yen, which represents a noticeable improvement after falling to the lowest value in the last 34 years, which exceeded 160 yen. Market experts suggest that this strengthening may be the result of currency intervention carried out by the financial authorities of Japan, although official information about this has not yet been received.The main reason for the continued decline in the national curr... Read More

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.