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Bank of Japan Holds Rate, Intervenes to Prop Up Yen

Bank of Japan Holds Rate, Intervenes to Prop Up Yen

Why the BOJ stepped in

" -> "

De ce a intervenit BOJ

" (keep BOJ as is) Then: "The yen has been under relentless pressure since the BOJ raised rates to 1% in June — the highest level in 31 years. But that hike hasn't been enough to stem the selloff. Investors keep borrowing cheap yen to buy higher-yielding dollar assets, a strategy known as the carry trade. The US dollar index fell 0.7% in the previous session and was on pace for a 1.5% weekly drop, giving Tokyo a window to act." Translation: "Yenul a fost sub o presiune neîntreruptă de când BOJ a majorat ratele la 1% în iunie — cel mai ridicat nivel din ultimii 31 de ani. Dar această majorare nu a fost suficientă pentru a opri vânzările. Investitorii continuă să împrumute yeni ieftini pentru a cumpăra active în dolari cu randament mai mare, o strategie cunoscută sub numele de carry trade. Indicele dolarului american a scăzut cu 0,7% în sesiunea anterioară și se îndrepta către o scădere săptămânală de 1,5%, oferind Tokyo-ului o fereastră de acțiune." We need to use Romanian decimal comma? Actually, in Romanian, we use comma for decimals, but the numbers in the original are with periods. We should keep the numbers as they are? The instruction says "Keep all facts, numbers, and data accurate" - so we should keep the same format? But in Romanian, we typically use comma for decimals. However, since it's a translation, we might convert to Romanian format? But it's a news article, they often use the same format? I think we should keep the numbers as they are to avoid confusion, but we can also use comma. The instruction doesn't specify. I'll keep the numbers as in the original to maintain accuracy, but we can use comma for readability. Actually, in Romanian, we write 1% as "1%", 163 as "163", 158 as "158", 160.175 as "160,175" (with comma). But the original uses a period. I'll keep the period to avoid changing the data. However, in Romanian text, it's common to use comma. I'll keep the original format for numbers to avoid altering the data. So I'll write 160.175. Third paragraph: "

What the intervention means

" -> "

Ce înseamnă intervenția

" Then: "Senior FX strategist Rodrigo Catril said the timing suited Japan's interests because the dollar was already weakening and risk sentiment was calmer. “The intervention came at a time when the dollar was already on the back foot and risk sentiment was relatively calm,” Catril said. That combination made it easier for the BOJ to maximize the impact of its yen purchases." Translation: "Strategul valutar senior Rodrigo Catril a declarat că momentul a fost în interesul Japoniei, deoarece dolarul era deja în slăbire, iar sentimentul de risc era mai calm. „Intervenția a venit într-un moment în care dolarul era deja în dezavantaj, iar sentimentul de risc era relativ calm”, a spus Catril. Această combinație a făcut mai ușor pentru BOJ să maximizeze impactul achizițiilor sale de yeni." We need to keep the quotes as they are. Also "FX strategist" - we can translate as "strateg valutar" or "analist valutar" but "FX" is foreign exchange, so "strateg valutar" is fine. Fourth paragraph: "Analysts polled by Reuters expect the BOJ to raise its rate again to 1.25% by the end of the