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The Japanese Yen (JPY) struggles to gain traction against the US Dollar (USD) on Thursday, even as the Greenback weakens modestly following softer-than-expected US Producer Price Index (PPI) data. The Yen strengthened immediately after the release, briefly pushing USD/JPY toward 159.
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Facing a federal investigation and a liquidity crunch, Mark Walter needed only 72 hours to accept an out-of-the-blue offer to sell the Lakers to Joshua Kushner and Bob Iger.
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NZD/USD trades around 0.5850 on Thursday at the time of writing, down 0.15% on the day.