0757 GMT - The prospect of further currency interventions to prop up the Japanese yen should help curtail its losses after Friday's Bank of Japan policy decision, MUFG Bank's Lee Hardman says in a note. Reports that the BOJ conducted a rate check signal policymakers are prepared to intervene again, he says. "The rate check should help to dampen market expectations for how much the yen will be allowed to weaken in the near-term as the dollar-yen moves closer to the 160.00-level." The BOJ raised rates on Friday as expected but the communications failed to meet aggressive market expectations for future rate increases, he says. The dollar rises 0.2% to 157.21 yen after reaching a two-week high of 158.05 Friday, according to LSEG.
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