Sumitomo Mitsui
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The yen\’s departure from the area that was previously suspected of triggering intervention has eased U.S. inflationary pressures, prompting the U.S.-Japan interest rate differential to narrow.
The yen has strengthened and moved away from areas suspected of triggering intervention in recent weeks, and the trend is starting to look similar to 2022, when weak U.S. economic data kept Japanese officials from taking action