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OverviewAPI
Following robust U.S. retail sales in March, the U.S. dollar surged to its highest point since early November, impacting the yen, which weakened to its lowest level since 1990. Japanese officials are considering intervention to bolster the yen amidst concerns over the significant interest rate gap with the dollar. Additionally, escalating Middle East tensions have driven up demand for the safe-haven U.S. dollar.

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