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The Economic Times
The Economic Times

Yen hovers near intervention zone as traders assess Iran war outlook

The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.

The Australian dollar hovered near its highest since May 15 ahead of consumer price data that could alter the outlook for interest rates, following ‌weaker-than-expected jobs figures ⁠last week.

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