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The Japanese Yen has retraced half of its intervention gains, approaching 160, with USD/JPY currently at 159.27, as carry traders utilized the rebound following the $87 billion Japan-US joint intervention in late July to rebuild short positions; Japan's Sanae Takaichi government supports Bank of Japan (BOJ) a rate hike in September or October, but the market believes a 1% policy rate is insufficient to significantly narrow the interest rate differential.
svmuu.com14/08/2026 06:07
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