Yen Falls Despite Japan’s Manufacturing Rebound

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The yen fell past 146 on Monday, its lowest in over five weeks, as the US dollar gained on safe-haven demand after US airstrikes on Iranian nuclear sites escalated Middle East tensions. Domestically, Japan’s manufacturing sector grew in June for the first time since May 2024, and services expanded for a third straight month, showing economic resilience.

The key resistance is at $148.15 meanwhile the major support is located at $146.15.

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