Yen hovers near seven-month high as dollar steadies

The Japanese yen hovered near a seven-month high while the dollar held steady against major peers. Higher oil prices and shifting rate expectations kept investors cautious.

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FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The USD/JPY currency pair hovered near a seven-month high on Tuesday morning, trading at 154.14 after earlier touching 152.89 during Asian trading.

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