The Japanese yen retreated after a sharp rally, with USD/JPY rising another 80 points to 158.25 in the short term. It previously plunged nearly 200 points, reaching a low of 157.33. Market analysis suggests that Japanese authorities may have intervened in the currency market.
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The Japanese yen retreated after a sharp rally, with USD/JPY rising another 80 points to 158.25 in the short term. It previously plunged nearly 200 points, reaching a low of 157.33. Market analysis suggests that Japanese authorities may have intervened in the currency market.