Opinion | The Global Currency Roller Coaster

From WSJopinion: The yen’s volatility is the warning that all is not well for monetary policy

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It’s been nine months since the last yen crisis, so one was probably overdue. Sure enough, the value of Japan’s currency relative to the dollar is falling fast again, heading toward the level that last September prompted Tokyo’s intervention to stabilize it. And the yen isn’t alone in riding the currency roller coaster.Continue reading your article with

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