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Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsSINGAPORE - The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.
Markets are on guard for any intervention by Japanese authorities to contain the yen's nearly 11% fall this year. The yen had moved nearly 3.5 yen between 158.445 and 154.97 on Friday as traders vented their disappointment after the Bank of Japan kept policy settings unchanged and offered few clues on reducing its Japanese government bond purchases - a move that might have put a floor under the yen.
"The bar is pretty high for a sustained hawkish surprise, which would in turn lift yields," he said, referring to the Fed.
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