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USD/JPY Price Analysis and Forecast: Economic Risks from Tensions in Iran May Limit Yen Strength
The USD/JPY pair fell sharply below
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The USD/JPY pair fell sharply below the round level of 160.00, despite pressure on the Japanese yen from rising economic risks linked to escalating tensions in the Middle East.The decline was driven by increased expectations of possible currency intervention by Japanese authorities to curb further yen depreciation. Earlier on Tuesday, the Bank of Japan kept its key interest rate at 0.75%, but the decision was accompanied by a split vote (6–3). Three board members voted in favor of tightening policy,
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