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The U.S. dollar briefly rose above the 150 yen line in New York trading, reaching a level not seen since October 2022 amid expectations that the Federal Reserve will likely keep interest rates high for a prolonged period. ....
The Japanese government declines to comment on whether it intervened in the currency market to arrest the yen's decline against the U.S. dollar, after the Japanese currency rose sharply following a temporary fall below the 150 mark. ....