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Home » FOREX-Yen pauses slide after official escalates intervention warning

FOREX-Yen pauses slide after official escalates intervention warning

    The battered yen found a footing on Wednesday on renewed threats of intervention from Japan and as investors turned their focus toward a Federal Reserve policy meeting later in the day. U.S. interest rates are expected to stay on hold, though the release of Treasury refunding details may move the bond market. Having dropped 1.7% on Tuesday to a one-year low of 151.74 per dollar, the yen stabilised at 151.32 in Asia trade, following more pointed-than-normal remarks from Japan's top currency diplomat, Masato Kanda.

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