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Breaking Posted 1 hour ago

Yen weakens to 160/dollar after Fed chair speech

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The yen has retreated to pre-intervention levels around 160 per dollar following remarks by the Fed chair, reversing earlier gains. USD/JPY strength reflects renewed hawkish Fed repricing as markets recalibrate September rate-cut odds following July FOMC dissents. This move underscores dollar demand driven by rate expectations rather than Bank of Japan intervention.
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