CNBC: Japanese yen rebounds from 18-month low against dollar

“Takaichi’s plan to leverage her astonishingly high personal ratings in ‌calling ‌a snap election is translating into a rise in bets on reflation in ​the Japanese economy, more government spending, and higher yields,” said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto. “All of that is translating into downward pressure on the yen, which of course is being offset by intervention threats from authorities.”

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