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[Markets] GLOBAL MARKETS-Yen spikes after Japan intervention, stocks slump The yen spiked higher on Thursday after the Federal Reserve's adamant rate hike stance the day before roiled the investment outlook for bonds and stocks while forcing Japan to unilaterally intervene in FX markets for the first time since 1998. Its projection of more large increases ahead cemented a market view of "higher for longer." Published:9/22/2022 10:10:05 AM
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