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USDJPY Plunges as BOJ Rate Hike Bets and Intervention Fears Mount

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The Story

News Summary

  • The Japanese yen surged toward 156 per dollar, logging its strongest weekly rally since July.
  • Gains were driven by intervention speculation, potential rate checks, and growing expectations of aggressive Bank of Japan rate hikes alongside broader US dollar weakness.
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Stored market data

USDJPY price history

153.55 -1.15% over the displayed period

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