The Japanese yen weakened toward the 160 per dollar level, hovering near lows last seen during prior intervention, after the Bank of Japan kept rates unchanged despite internal calls for a hike. A stronger dollar above the 100 mark, backed by the Federal Reserve's cautious stance on rate cuts, continued to pressure the currency and highlight policy divergence. Rising oil prices amid ongoing Middle East tensions added to inflation concerns, further weighing on the yen. Markets now await high-level talks between Japan and the US, which could shape the near-term economic and geopolitical outlook.
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