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LONDON, Oct 2 - The dollar was in the ascendant on Monday on the prospects that U.S. interest rates would stay higher for longer, while the yen slid towards 150 per dollar and near a one-year low, putting traders on watch for intervention from Japanese authorities.
"If the yen breaks 150 per dollar, which I think is likely, and verbal intervention is not followed by action then we could see dollar-yen at 155." The euro was down 0.4% at $1.0535, after ending the previous quarter with a 3% fall, its worst performance in a year, as the relative divergence of the U.S. and European economies plays out in the currency market.
The U.S. 10-year yield was up another 6 basis points on Monday at 4.6289%, close to a 17-year peak of 4.688% reached last week. "Historically, shutdowns are noise," Nordea's Cekov said."They don't really make a dent for markets or the economy."
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