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2024

Japanese yen falls past 160 against USD for 1st time since recent intervention

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TOKYO, June 26 (Xinhua) -- The Japanese yen fell past 160 against the U.S. dollar on Wednesday for the first time since late April, fueling expectations of another possible yen-buying intervention.

The U.S. dollar traded at 160.05 yen at one point during the day, marking the Japanese currency's weakest level since April 29, on buying amid expectations the interest rate differential between Japan and the United S