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Yen’s Correlation With Oil Hit 2021 High Before Intervention
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Yen’s Correlation With Oil Hit 2021 High Before Intervention

Bloomberg Markets · May 1, 2026, 6:11 AM

The correlation between dollar-yen and Brent crude rose to its highest level since late 2021 a day before Japanese authorities intervened in the currency market, underscoring the tighter link between oil prices and the yen.

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