[Reuters]
Yen weakens past key level, sterling pares gains
The yen breached the key level of 145 a dollar on Monday, for the first
time in more than a week since Japan's intervention to prop up the
currency, while sterling gave up some of its gains after a modest recovery
at the end of last week.
The yen bottomed at 145.4 to the dollar, and last traded down 0.1% at
144.9, in thin Asian trade on a holiday in China, South Korea and some
Australian states.
Monday's fall came after Finance Minister Shunichi Suzuki's comments that
Japan stood ready for "decisive" steps in the foreign exchange market if
excessive yen moves persisted.
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https://www.reuters.com/markets/europe/antipodean-currencies-advance-ahead-rate-decisions-dollar-edges-lower-2022-10-03/?taid=633a793e3ee47400018c69d1
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