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Yen falls past 160 per dollar for first time since joint intervention in late July
The Japanese yen weakened beyond the 160-per-dollar mark on Friday, a level not seen since Japan and the U.S. conducted a coordinated currency intervention in late July. This movement follows Federal Reserve Chair Kevin Warsh signaling he remains open to raising interest rates, which, combined with a rise in U.S. Treasury yields, boosted demand for dollars.
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