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