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Dollar steady before US jobs data
The dollar steadied on Thursday as markets awaited the US non-farm payrolls data, with expectations of adding 110,000 jobs in June and the unemployment rate remaining at 4.3%. The dollar index dipped slightly, while the decline of the Japanese yen to its lowest levels in 40 years has fueled concerns over potential Japanese government intervention to support the currency. Markets are now focusing on the US employment data to assess the likelihood of Japanese government intervention in the foreign exchange market and to determine the trajectory of the dollar against the yen.
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