The Japanese yen to US dollar exchange rate hovers near a key level, with the risk of Japanese authorities intervening once again becoming a focus of attention
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The Japanese yen to US dollar exchange rate is approaching a key level, with investors concerned that it may fall to 150 yen to the dollar. The yen has depreciated over the past two weeks, dropping to 149.98 yen at one point on Monday, marking the largest weekly decline since 2009. The risk of intervention by Japanese authorities has increased, especially against the backdrop of narrowing US-Japan interest rate differentials. Comments from Japan's new prime minister have eased concerns about interest rate hikes, leading to a decline in the yen. Market expectations of a rate cut by the Federal Reserve may also impact the yen's movement
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