USDJPY: USD/JPY traded 0.1% lower at 151.29, with the pair still
The recent weakness in the yen, which comes despite the Bank of Japan's first interest rate hike in 17 years, has prompted warnings about possible Japanese government intervention. The warnings, especially comments from Japan's top currency diplomat Masato Kanda, helped stabilize the yen.
For now, the focus is on upcoming consumer inflation data from Tokyo, due out later in the week.
For now, the focus is on upcoming consumer inflation data from Tokyo, due out later in the week.
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