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Yen gains after hitting 38-year low, traders on intervention watch

By Inquirer - 5 months ago
Hong Kong, China — The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility. The Japanese unit’s latest retreat came as uncertainty surrounded the Federal Reserve’s timetable

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