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Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to meet market expected pace. Additionally, core-core CPI, which excludes both food and energy, and services inflation both continued to decline. […]

The post Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170? appeared first on Action Forex.

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