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The US greenback continued to rise from globe currencies and arrived at its 24-12 months higher from the Japanese yen.
The US dollar jumped in opposition to the Japanese yen for the duration of buying and selling on Wednesday, benefiting from the contradiction in between an accommodative monetary policy in Japan and a tightening plan by the Federal Reserve, determined to lower inflation to the 2% goal.
The dollar rose to 144.99 yen, the maximum amount given that August 1998, continuing to method the all-time higher of 147.43 yen recorded in 1998.
The Japanese currency managed to lessen losses a bit to 144.50 yen in opposition to the greenback.
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