Japanese Yen gains modestly, remains near multi-decade lows

USD/JPY trades slightly lower on Thursday as a mildly softer US Dollar (USD) lends support to the Japanese Yen (JPY). At the time of writing, the pair is trading around 162.45, hovering near 40-year highs.
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US Dollar: Fed minutes flag supply-driven inflation risks – TD Securities

TD Securities strategists highlight that the June Federal Open Market Committee (FOMC) Minutes showed rising concern over inflation risks, even as the United States (US) labor market remains stable.
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