The Japanese yen weakened in quiet trading, and traders closely monitored intervention risks.
The yen weakened against the dollar, with investors remaining cautious of possible exchange rate stabilization measures by the Japanese government. At the same time, in a quiet trading market environment, the dollar rose slightly against the euro. Despite the Bank of Japan's decision to raise interest rates last week, concerns about the country's expansionary fiscal policy continued to weigh on the yen. As of the time of writing, the dollar to yen exchange rate was 156.54, up 0.48% on the day. Last Friday, the exchange rate had reached a high of 157.77.
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