82 Days
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Japanese Yen hits 40-year low
The Japanese yen approached its lowest level in four decades during Asian trading, reaching 161.205 yen against the dollar, despite government efforts to support it and the Bank of Japan's statements about raising interest rates to their highest level in 31 years. The pressure on the Japanese currency persisted even after previous intervention measures by the Ministry of Finance, prompting market expectations that the government will once again step in to support the yen. Meanwhile, the dollar index remained stable at 100.81, with limited movements in other major currencies.
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