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Dollar Remains Steady Ahead of U.S. Inflation Data as Yen Comes Under Pressure
The dollar remained stable ahead of the release of U.S. inflation data amid rising oil prices due to tensions in the Middle East, while the Japanese yen stayed under pressure near 162.40 against the dollar due to concerns over potential Japanese government intervention to support it. The currency declined following reports indicating there are no immediate plans to change the monetary policy supporting domestic assets.
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