Dollar drops to 153 yen range

Screens at a foreign exchange trading company in Tokyo on the morning of May 2, 2024, show the U.S. dollar trading in the lower 153 yen range, down sharply from the 157 yen range seen before the U.S. Federal Reserve's latest policy decision announcement, with speculation mounting that Japanese authorities carried out yen-buying intervention.

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2024 Kyodo News

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