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Yen reaches 40-year low against USD
The Japanese yen dropped to its lowest level against the dollar since 1986, with the dollar reaching 161.96 yen before rebounding slightly to 161.90 yen. This decline is driven by investors' expectations that the U.S. Federal Reserve will raise interest rates. This downturn reflects the pressures facing the Japanese currency amid a wave of speculation, coinciding with U.S. monetary policy.
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