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Japan may have fired its yen bazooka twice, but markets are testing Tokyo's resolve

By CNBC May 07, 2026 Neutral
Japan may have fired its yen bazooka twice, but markets are testing Tokyo's resolve
On Wednesday, the yen appreciated sharply, fueling speculation that Tokyo had intervened a second time. Analysts said interest rate gaps continued driving weakness in the yen.
On Wednesday, the yen appreciated sharply, fueling speculation that Tokyo had intervened a second time. Analysts said interest rate gaps continued driving weakness in the yen.