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USDJPY Soars Past 160 Level as Middle East Tensions Ignite Safe-Haven Dollar Demand

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The Story

News Summary

  • The USD remains strong as safe-haven demand surges amid Middle East tensions and a breach of the critical 160 level for USDJPY.
  • While investors anticipate potential Japanese intervention, strong labor data and inflation concerns support a hawkish Fed outlook, weighing on major pairs like EURUSD and GBPUSD.
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USDJPY price history

153.55 -1.15% over the displayed period

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