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12 Feb 2025

The yen slips to its lowest level in a week ahead of U.S. inflation data

The Japanese yen fell in the Asian market on Wednesday against a basket of major and minor currencies, deepening its losses for the third consecutive day against the U.S. dollar, reaching its lowest level in a week. This came after cautious comments from the Governor of the Bank of Japan, Kazuo Ueda, which slightly reduced the likelihood of a Japanese interest rate hike in March

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