The yen is approaching the psychologically significant 160 level, and the market is watching the Bank of Japan governor's speech this afternoon.
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The yen is testing a subtle boundary—160.
On the morning of June 3 in Asia, the yen-dollar exchange rate fell close to the 160 mark, reaching its lowest level since Japanese authorities intervened in the forex market at the end of April.
According to Bloomberg, traders are generally reluctant