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Dollar, euro, yen fall before jobs data
The dollar, euro, and Japanese yen declined during today’s trading sessions, ahead of the upcoming U.S. employment data. The yen reached its lowest level since 1986 at 162.41 against the dollar. Concerns are mounting about Tokyo's potential intervention in the currency market after the yen declined for four consecutive quarters, despite government interventions and the Bank of Japan’s interest rate hikes. Meanwhile, the dollar index showed a slight recovery, rising by 1.4% in the second quarter, as other major currencies like the euro and British pound declined.
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