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17/06/1998 U.S. join Bank of Japan to save yen from record fall

0:36

JAPAN: CURRENCY: YEN STRENGTHENS AGAINST THE DOLLAR

0:31

Bank of Japan moves to aid recovery

2:50

Footage of Korean women sexually enslaved by Japanese soldiers in WWII revealed for the first time

1:24

USA: WASHINGTON: IMF MEETING

1:51

Asian markets tumble as US stocks fall on poor earnings

With yen weakening, Bank of Japan intervened to support its currency. As yen crumpled below 144 to the dollar, U.S. authorities in 1998 joined the Bank of Japan, spending $833 million buying yen, the third most traded currency in the foreign exchange market after the United States dollar and the euro.
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    • Pronunciation and etymology 

    • Introduction 

    • Fixed value of the yen to the U.S. dollar 

    • Undervalued yen 

    • Yen and major currencies float 

    • Japanese government intervention in the currency market 

    • Yen in the early 1980s 

    • Post-bubble years 

    • After the global economic crisis of 2008 

    • Coins 

    • Older currency