The U.S. currency USDJPY +0.37% bounced up to 103.27 yen from ¥102.83. The dollar in recent sessions had dropped against its Japanese counterpart but found some relief Tuesday after Turkey’s central bank raised its overnight lending rate to 12% from 7.75%. The move was made in an emergency meeting of policy makers in the wake of an accelerating slide in Turkey’s lira against the dollar.
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