Dollar dips amid yen pressure
The currency market experienced a slight decline in the dollar against major currencies, while the Japanese yen faced pressure due to the significant interest rate gap between Japan and major economies, falling to 157.47 against the dollar. Meanwhile, the euro rose to $1.1476, the British pound to $1.3383, and the New Zealand dollar increased to $0.5736 following statements by the central bank governor indicating a move toward monetary tightening. The Australian dollar remained steady at $0.7120.
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