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 (Source photos by Tsuyoshi Tamehiro, Karina Nooka, Wataru Ito and Reuters)
Market Spotlight

Weak yen complicates life for Kuroda and Kishida

Traders predict further tests for Japanese currency

MITSURU OBE, Nikkei Asia chief business news correspondent | Japan

TOKYO -- The Bank of Japan appeared to calm Tokyo's foreign exchange market last week by recommitting to its loose monetary policy, but that shouldn't deceive anyone about the potential for a wild swing this year.

Earlier this month, the yen fell to a five-year low of 116 against the dollar, and could come under renewed pressure as the U.S. Federal Reserve starts a tightening campaign to rein in inflation, widening interest rate differentials between Japan and the U.S., traders and currency strategists said.

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