USD/JPY nudges back up towards 158.00 mark as dollar holds firmer on the week
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The USD/JPY currency pair is approaching the 158.00 mark as the dollar remains strong this week. Despite recent intervention efforts by the Ministry of Finance (MOF), the yen continues to struggle against bearish fundamentals. Traders are testing the limits of Tokyo officials, raising questions about the MOF's appetite for further intervention. The recent intervention during low liquidity conditions may have weakened its effectiveness, and the market is left wondering when the MOF will act again as the dollar holds firm.
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