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Japan unlikely to intervene unless yen slides below 155

By Inquirer - 8 months ago
TOKYO — Japanese authorities likely won’t intervene in the currency market unless the yen plunges below 155 to the dollar, former top currency diplomat Hiroshi Watanabe said on Thursday. Markets are on alert for the chance of yen-buying intervention by Japanese authorities as the currency slides near the 152 level, where they last stepped into

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