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Macro

Yen Falls to 158.80 per Dollar in Late New York Trading

The dollar rose 0.57% against the yen to 158.80 in late New York trading on Tuesday, Nov. 10, with the pair moving in a 157.87-158.85 range during the session. The euro gained 0.03% versus the yen and sterling slipped 0.15%. The yen also fell 0.45% against the offshore yuan.

Original source

AI take

The yen's move is broad rather than dollar-specific: it weakened against the euro, sterling and the offshore yuan in the same session, which points to pressure on the currency itself rather than a single cross. For RWA and crypto markets, a softer yen matters mainly through the carry channel, where Japanese funding costs shape global risk appetite. The open question is whether this broad softness persists across the next sessions or was a single-session move within the stated range.

Generated by AI for reference only.

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