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S7/10Economic
Yen slides past 163, raising intervention alert
The yen is near a four-decade low as the dollar strengthens broadly. Rising oil prices and U. S.
Treasury yields are supporting the dollar's safe-haven status. Traders watch for possible Japanese intervention amid the yen's steady decline.
The euro and Australian dollar are holding their ground against the dollar. Sterling is testing support as the new UK finance minister considers spending plans.
Source: Economic TimesOriginal source
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