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The Economic Times
The Economic Times
Business

Yen weakens after intervention-led surge ahead of BOJ policy decision

The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan's policy decision.

The dollar gained by as much as 0.45% to 160.175 in early trades, after diving 2.4% in its biggest single-day drop since January 2023 ‌in the ⁠previous session.

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