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Yen Rises After Comments by Biden on Taiwan, Ueda on Wage Growth
The yen advanced against all Group-of-10 currencies amid haven demand stoked by signs of ratcheting US-China tensions and ongoing jitters about the potential for Japanese measures to defend its currency. Additionally, prospects of the Bank of Japan abandoning its negative interest-rate regime increased after Governor Kazuo Ueda said it’s possible the central bank will have enough information and data by the year-end to judge if wages will continue to rise, according to an interview with the Yomiuri newspaper. The currency strengthened as much as 0.8% to 146.71 per dollar in early trading Monday after Biden asserted ... (full story)
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