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via fxstreet.comMarkets

Japanese Yen recovers from three-week low as intervention risks meet broadly weaker USD

FROM THE WIRE · FXSTREET.COM

The USD/JPY pair attracts some sellers during the Asian session on Wednesday, snapping a two-day winning streak to hit a near three-week top the previous day amid a combination of factors.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishUSD/JPY is sensitive both to possible Japanese intervention and to broad dollar weakness.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The USD/JPY pair attracted sellers during the Asian session on Wednesday.
  2. 02It had snapped a two-day winning streak, hitting a near three-week top the previous day.
  3. 03The dollar is broadly weaker and intervention risks weigh on the pair.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar/Japanese Yen FX Spot RateUSDJPYFX pair157.6335-0.13%today -0.62%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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