Yen Remains Under Pressure as Japan Inflation Eases and Markets Watch for Currency Intervention
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Japanese currency remains vulnerable as markets watch for possible intervention
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Japan's latest wholesale inflation numbers suggest cost pressures that have been driving up prices are starting to fade
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Dollar held firm as traders awaited more U.S. inflation data expected to offer clues on whether Fed has more work to tame prices
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Yen hovered near 1-year low against dollar as markets watched for possible Tokyo intervention
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Data showed Japan wholesale inflation below 1% for first time in over 2 years, suggesting fading cost pressures and little support for yen