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Japanese Yen remains subdued as higher oil increases import costs

FXStreetJapan

Japanese Yen remains subdued as higher oil increases import costs

USD/JPY continues its winning streak for the fourth consecutive day, trading around 158.00 during Asian hours on Wednesday. The pair appreciates as the Japanese Yen (JPY) faces challenges amid rising crude oil prices, which place renewed cost pressures on major energy-importing economies.

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