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USD/JPY Tests 160 as Modest US Intervention Commitment Raises Questions, PPI Cools Dollar

Reported · Written up by our desk · Major Pairs

Tokyo is trying to preserve the deterrent effect of intervention through warnings and its cooperation with the US Treasury, but a clearer view of Washington’s limited financial contribution could encourage markets to test how far Japan will act independently. With US yields and Fed tightening expectations still favoring the Dollar, a durable Yen recovery may be harder to sustain. The post USD/JPY Tests 160 as Modest US Intervention Commitment Raises Questions, PPI Cools Dollar appeared first on ActionForex .

Latest closeUSD/JPY 159.91 ▲0.1%

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