Yen Near 40-Year Lows; Dollar Holds Steady
The U.S. dollar steadied in Asian trading as markets awaited clues on interest rates from the Federal Reserve's upcoming minutes. The Japanese yen hovered near 40-year lows in the upper-161 range against the dollar despite solid domestic wage and household spending data, keeping Tokyo on high alert for currency intervention. Broader regional currencies, including the Indian rupee, remained largely flat as traders navigated mixed oil fundamentals and awaited further macroeconomic signals.
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