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Dollar drops sharply against yen

ReutersJan 23, 2026 5:30 PM

By Hannah Lang

- The dollar dropped sharply against the yen, last down 1.14% at 156.6, in a volatile trading session after the Bank of Japan held rates steady.

Earlier in the day, the yen weakened to as soft as 159.2 per dollar, close to 18-month lows.

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