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Yen Breach of 160 Revives Japan Intervention Watch Ahead of BOJ
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(Bloomberg) --“Bessent wants Japanese authorities to hike interest rates and thinks that they will, but with the Federal Reserve likely to hike next meeting as well, it may not be enough to stop the yen’s slide,” said Andrew Hazlett, a foreign-exchange trader at Monex Inc.
Reporting by John Cheng and Anya Andrianova, with assistance from Mia Glass, Vassilis Karamanis, Aline Oyamada, Mark Tannenbaum, and Umesh Desai