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المشهد العربي
Japanese yen temporarily rises on rate hike hopes
The Japanese currency (yen) experienced a temporary rise against the dollar by 0.21%, reaching 159.14 yen. However, it is on track to record its largest weekly decline of 0.90%, due to weak coordinated Japanese intervention with the United States and signals suggesting the Bank of Japan may strengthen its interest rate hike in September to support the currency and reduce inflationary threats.
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