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Yen grazes 150 again as yields dictate trading.

Japan’s yen took the spotlight in Asia on Monday, weakening briefly to the 150-per-dollar level as investors betting on a further rise in dollar yields lost out to those expecting Japanese authorities will intervene in markets.

The risk of Israel’s war on the Islamist group Hamas becoming a wider regional conflict kept markets on edge, as Israeli air strikes battered Gaza early on Monday, and the United States dispatched more military assets to the region.