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Japanese Yen nears 40-year low amid Iran geopolitical risk and Takaichi policy outlook
Nikkei Asia·JP · US · IR·2 days ago
The Japanese yen depreciated to the 163 range against the US dollar, marking its weakest level since 1986, driven by safe-haven demand for the dollar following Houthi attacks on a Saudi oil tanker. The market is currently pricing in heightened geopolitical risk and speculating on potential Federal Reserve policy shifts in response to rising energy costs.
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