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The Nexus
BUSINESSMay 1 · 06:11 UTCBLOOMBERGJohn Cheng, Masaki Kondo

Yen’s Correlation With Oil Hit 2021 High Before Intervention

The Japanese yen's correlation with oil prices reached a 2021 high before potential intervention. The Eneos Arrow oil tanker was photographed at the Shirashima National Petroleum Stockpiling Base in Kitakyushu, Japan.

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