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المشهد العربي
Yen falls to 160 amid intervention decline
The Japanese yen declined to the 160 yen level against the dollar, after its gains—which were supported by both Tokyo and Washington in late July—reached around 5%. Despite the Japanese government’s approval of interest rate hikes, the currency failed to maintain its gains and settled around 159.29 yen, only to collapse back toward its previous levels as expectations of government intervention faded and there was no direct support to stabilize the currency.
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