A post by @FirstSquawk on X.
Yen Weakens As Dollar/Yen Briefly Reaches 160, Currently At 159.96
@FirstSquawk on X
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The yen weakened sharply, with USD/JPY briefly touching the 160 level before trading at 159.96. The move marks a fresh bout of yen depreciation against the dollar, putting the 160 threshold in focus as a potential line in the sand for Japanese authorities. Traders will watch whether the pair holds above or retreats from that level, and whether official commentary or intervention follows.
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Named in this story
Japanese yen (USDJPY), US dollar
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