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Japanese yen strengthens as GDP data boosts prospects for rate hikes, while US dollar weakens.
The Japanese yen gained ground on Monday following better-than-expected GDP data, suggesting possible future rate hikes by the Bank of Japan.
Meanwhile, the US dollar weakened as traders considered recent weaker US economic data, which has fueled speculation about potential rate cuts by the Federal Reserve.
The Australian and New Zealand dollars remained stable ahead of their central bank policy decisions later in the week.
The euro and British pound showed slight gains, with the Australian and New Zealand dollars reaching two-month highs against the US dollar.
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El yen japonés se fortalece a medida que los datos del PIB impulsan las perspectivas de aumentos de las tasas, mientras que el dólar estadounidense se debilita.