The last time the yen traded at these levels, it was moving in the opposite direction, strengthening during a prolonged rally that followed a currency agreement brokered by the United States.
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Iran has declared it is capable of maintaining order in the Strait of Hormuz without outside assistance. Tehran warned that foreign intervention in the strategic waterway would complicate rather than resolve regional issues. Indirect talks between Iran and the United States, facilitated by Qatar, are expected to center on an existing interim agreement. No new negotiations toward a final settlement are anticipated at this stage. Communication between Washington and Tehran continues through established diplomatic channels.
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