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Yen touches 160 against dollar, erasing intervention gains

Dollar hits 160 yen line, 1st time since late April, on Mideast concerns

TOKYO (Kyodo) -- The U.S. dollar briefly topped the 160-yen line in Tokyo on Wednesday amid Middle East uncertainty, hitting the important psychologic

Yen back at ¥160 to the dollar about a month after massive intervention

The currency is now near the level that some traders believe is the red line for the government and will lead to another major effort to prop up the currency.

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