Fragile yen set for weekly decline as intervention risks mount

The yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a shadow over energy prices and global inflation outlooks. The dollar saw slight easing but remained largely unchanged for the week. Other currencies like the British pound and euro showed strength against the yen. The Reserve Bank of New Zealand hiked rates, signaling further tightening ahead.

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