The yen slipped Tuesday, suggesting the Japanese government's efforts to prop up the currency have had limited impact. Data released Tuesday by the Bank of Japan suggested the intervention amounted to tens of billions of dollars. Masato Kanda, who is in charge of currency intervention as vice finance minister for international affairs, said Tuesday that Japan was ready to act in the foreign-exchange market 24 hours a day.
It was the eurozone’s strongest quarterly growth since the third quarter of 2022, lifted by stronger-than-expected growth in Germany, France, Italy and Spain.
The noticeable improvement defies the stubbornly high interest rates that have so far meant for an uneasy market in 2024.
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