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Hot US Inflation Drags the Yen Close to 160. Will Japan Step In Again?
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The dollar climbed to 159.94 yen early Thursday in Tokyo, its strongest level in more than two months. Hot US inflation data and rising bets on a Federal Reserve (Fed) rate hike drove the move. That leaves the yen just short of 160, a level markets watch for signs of Japanese intervention. Japan spent a The post Hot US Inflation Drags the Yen Close to 160. Will Japan Step In Again? appeared first ...
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