Dollar plunges amid alert over US-Japan currency intervention coordination; Yen surges

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The value of the US dollar has plummeted.


The Dollar Index (DXY), which reflects the value of the dollar against six major currencies, has fallen to the mid-97s in tandem with the yen's exceptional strength.


The yen has risen by its largest margin in approximately six months on the possibility of joint intervention in the dollar-yen market by the United States and Japan.


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