The U.S. dollar strengthened to the 160 yen range on Friday in New York for the first time since July 2024, as the prospect of a cease-fire between the United States and Iran remained dim.The breaching of the psychologically important boundary comes amid wariness over a possible yen-buying currency intervention. Japan's Finance Minister Satsuki Katayama has warned of possible "decisive" action to halt the Japanese currency's depreciation.The dollar is perceived as a relatively safe currency in times of crisis, such as during wars. Demand increases as investors shift their funds to dollar-de…READ FULL ARTICLE