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60FINANCE

Japanese Yen Appreciates Sharply Against US Dollar, Breaching ¥153 Level

⚡ Markets: A stronger yen negatively impacts the profitability of Japanese exporters and can weigh on the Nikkei index. It may reflect safe-haven flows or unwinding of carry trades.USDJPYNikkei 225

The Japanese yen strengthened significantly against the US dollar, moving from near ¥160 to below ¥153 in less than a week. The rapid appreciation has surprised markets and raised speculation about a potential shift in trend for the currency.

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