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Strong dollar pushes yen to 40-year low as clock ticks on intervention
The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap. Analysts believe intervention is inevitable but unlikely to reverse the trend. Meanwhile, the dollar remains strong ahead of crucial U.S. jobs data, which could influence the Federal Reserve's rate hike path.
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cnbc.com
Japanese yen sinks to 40-year low, keeping intervention risks in focus
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities.
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economictimes.indiatimes.com
Yen hits 40-year low as clock ticks on intervention
The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant…
