FOREX-Yen falls close to intervention levels, dollar edges up before Fed ...Middle East

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FOREX-Yen falls close to intervention levels, dollar edges up before Fed
source : Devdiscourse ( Middle East ) () 195
The U.S. dollar edged up while the yen remained around its multi-month low on Wednesday ahead of the Federal Reserve policy meeting and after the Bank of Japan (BOJ) raised interest rates for the first time in 17 years. Analysts said the yield differential between U.S. Treasuries and Japan's government bonds, which remains stark, will keep leading the yen after flagging that the Japanese currency had already given up the pre-BOJ policy meeting rise.

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