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Japanese Yen weakens as Fed hold reveals hawkish divide

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Japanese Yen weakens as Fed hold reveals hawkish divide

The Japanese Yen (JPY) loses ground against the US Dollar (USD) after the Federal Reserve (Fed) kept rates steady on Wednesday, even though US inflation remains well above its 2% target. Of note, the decision was not unanimous, with two dissenters in favor of a quarter-percentage-point rate hike.

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