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USD/JPY plunges about 100 pips in short term, US may intervene in forex market

On July 31, the USD/JPY pair plunged about 100 pips in the short term before slightly rebounding, now reporting 159.61. The US dollar index DXY fell more than 15 points in the short term, now reporting 100.2. Earlier reports said that the US Treasury has notified banks that it may intervene in the yen market on Friday and asked banks to prepare for "future actions."

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