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EBC Daily Snapshot Mar 29, 2024

EBC Forex Snapshot 29 Mar 2024 The dollar tread water on Friday but is riding high against almost every major currency in Q1. The yen faltered towards the 152 level, advancing an emergency meeting to arrest its decline. The meeting between the MOF, the BOJ and Financial Services Agency, planned to be held on Thursday, was brought forward to Wednesday to maximise the psychological impact on markets, said the source. Separately, Finance Minister Shunichi Suzuki said there were "speculative" moves behind the recent plunge, suggesting authorities remained on stand-by to intervene in the market EBC Financial Services Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation byEBC Financial Services or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-29 10:27:59 (GMT)

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