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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
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Gold is about to SOAR – here’s what you need to do (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Gold is about to SOAR – here’s what you need to do (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Gold is about to SOAR – here’s what you need to do (Ad)
Kim Kardashian culls Dolce & Gabbana archives for Milan show
EXPLAINER: Italian election only part of forming government
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Gold is about to SOAR – here’s what you need to do (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Gold is about to SOAR – here’s what you need to do (Ad)
Kim Kardashian culls Dolce & Gabbana archives for Milan show
EXPLAINER: Italian election only part of forming government
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Gold is about to SOAR – here’s what you need to do (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Gold is about to SOAR – here’s what you need to do (Ad)
Kim Kardashian culls Dolce & Gabbana archives for Milan show
EXPLAINER: Italian election only part of forming government

Japan central bank acts to stem yen's decline against dollar


A Japanese flag flutters at the Bank of Japan headquarters in Tokyo on July 29, 2022. Japan’s central bank took the unusual step Thursday, Sept. 22, of intervening in the market to stem the yen’s decline against the U.S. dollar. (AP Photo/Shuji Kajiyama, File)

TOKYO (AP) — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar.

Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S. Federal Reserve's decision to raise its benchmark rate by three-quarters of a percentage point.

The dollar later fell sharply to about 142 yen. It was trading at 143.05 yen early Thursday morning U.S. time, and it was unclear if the BOJ's action would suffice to keep the yen at a stable level.

Masato Kanda, the vice minister of finance for international affairs, confirmed the dollar selling and yen buying intervention to local reporters, saying the central bank had made a “bold move." The BOJ does not usually announce such measures itself.

Finance Minister Shunichi Suzuki said in televised remarks that the government and central bank had agreed that recent volatility in the currency market was undesirable. He would not give the scale of the intervention.

According to the financial newspaper Nikkei, the last time the central bank intervened to stabilize the value of the yen was in 2011, when it moved to curb a sharp rise in the yen's value.

Earlier Thursday, the BOJ left its benchmark lending rate at minus 0.1% and its ultra-loose monetary policy unchanged, underscoring the divergence between its stance and the U.S. strategy of raising interest rates to fight inflation. The higher returns on the dollar have led investors to sell yen and buy the greenback.

The Japanese central bank has maintained ultra-low interest rates for years in hopes of stimulating business activity and fighting deflation. It is in a quandary since regulators want to maintain that easy money policy but also to keep the yen’s value relatively stable.


Generally, a weaker yen is an advantage for automakers and other export manufacturers, since it makes their products more price competitive overseas. But sudden fluctuations complicate corporate planning. And the yen's weakness also adds to costs for imports of raw materials and components.

The cheap yen has made higher priced oil, gas and coal imports still more expensive for businesses, farmers and consumers. It also has inflated costs for food and other essentials in an extra burden for households that have not seen wages rise much in the past two decades.

7 Sports Betting Stocks to Buy for Their Long-Term Possibilities

Since 2018, one of the most compelling sectors for growth-oriented investors is the sports betting sector. That was the year the U.S. Supreme Court allowed states to legalize sports betting. Since then 30 states have taken that step including New York and New Jersey which are two key markets. In fact, the state of New York broke a record when it legalized online sports betting in January 2022.

This makes it a good time to consider investing in sports betting stocks. Many of these stocks are trading at significant discounts as part of the broad market sell-off. The reason for this is competition. There are a nearly endless number of online sportsbooks competing for consumer dollars.

And it would appear there's enough revenue to go around. According to Data Bridge Market Research, the global sports betting market is expected to grow at a compound annual growth rate of 10.26% between now and 2029.

With that said, sports betting stocks are definitely risk-on assets. And the payoff may be years away.  But if you have time and have a tolerance for risk, here are seven sports betting stocks to consider for solid upside gains.

View the "7 Sports Betting Stocks to Buy for Their Long-Term Possibilities".

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