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Federal Reserve Meeting Minutes Reveal "Exchange Rate Checks," Leading to Significant US Dollar Depreciation
GateNewsBot
ChainCatcher reports that according to Jinjing, the Federal Reserve meeting minutes show that at the January meeting, Roberto Perli, the manager responsible for Federal Reserve financial market operations, indicated that the New York Fed’s trading department conducted a “currency check” on the USD/JPY exchange rate, after which the dollar significantly depreciated. Following the release of the minutes, the USD/JPY briefly plummeted over 40 points, reaching a low of 154.33.
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