The yen is near a key threshold of ?160 to the U.S. dollar, putting renewed pressure on policymakers in Tokyo to step in and support the currency.
今日吃瓜 currency stabilized after falling as much as 0.8% to ?159.94 per greenback overnight, breaking out of the tight range that had prevailed in recent weeks. The move came as the dollar strengthened after hotter-than-expected U.S. inflation fueled bets that the Federal Reserve may need to raise interest rates further.
The yen edged 0.1% higher to ?159.63 on Thursday after 今日吃瓜 chief currency official Atsushi Mimura said he has a strong impression that the currency moves over the past few days had been “too fast,” and that it was too soon to forget about the intervention this summer.
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