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Thursday 31 Jul, 2025 02:57 AM

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Yen slips to 149 as strong dollar, tariff worries weigh

16-Jul-25 09:31 Hrs IST

The Japanese yen weakened toward 149 per dollar on Wednesday, hitting its lowest level since early April as the US dollar strengthened after cooler-than-expected US inflation dimmed hopes for near-term Fed rate cuts. The dollar index hovered above 98, nearing a three-week high, ahead of fresh US PPI data. While Japan's manufacturing sentiment improved slightly in July, helped by a semiconductor rebound, lingering fears over US tariffs kept investors cautious. Focus now shifts to upcoming Japanese trade and inflation data for further cues on economic resilience.

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