💱US Dollar/Japanese Yen FX Spot Rate
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Fears of Japanese intervention support JPY, strengthening it against USD
The AUD/JPY cross gathered strength to around 112.70 during early European trading on Wednesday. Renewed tensions between the US and Iran, along with fears of possible intervention by Japanese authorities, might support the Japanese Yen and cap further upside for the cross.
Fears of Japanese intervention support JPY, strengthening it against USD
Renewed US-Iran tensions may boost safe-haven demand for USD, weakening AUD