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المشهد العربي
Nikkei falls on yen intervention concerns
The Japanese Nikkei index experienced a slight decline of 0.11%, reaching 63,684.85 points, amid investor concerns about the possibility of Japanese authorities intervening to support the yen through purchasing operations, even as both the government and the United States remain hesitant to implement additional measures. This followed the joint announcement by Japan and the United States regarding intervention in the currency market, as the yen's value surged sharply to nearly 163 yen per dollar, with the dollar remaining stable at 157.5 yen, impacting the revenues of Japanese export companies. Caution remains prevalent in the market as authorities stay prepared to act in case of further currency weakness.
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