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The Economic Times

Business / The Economic Times

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Yen steadies as traders gird for election, intervention fears lurk

The yen hovered near 18-month lows as traders anticipated intervention following strong warnings ahead of a Japanese election that could spur fiscal stimulus. Meanwhile, the dollar recovered from initial weakness after Federal Reserve Chair Powell addressed subpoena concerns, though worries about Fed independence persist amid positive U.S. economic data.

15 Jan 2026 8:07 am