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[MARKET UPDATE] USD/JPY dips 17 pips lower in a sharp move before paring back halfway; news flow quiet; dipping from 159.05 to 158.88 before paring to 159.00

StockNow breaking-news AI analysis

USD/JPY saw a sudden 17-pip drop to 158.88 before partially recovering amid quiet news flow. Softening US inflation and BoJ intervention fears at the 160.00 level remain key drivers.

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