TOKYO, March 13 : Japan likely has less scope to intervene in the currency market than it did in the past, even as the Middle East conflict pushes the yen back towards the key 160-per-dollar line once considered the trigger threshold for authorities to act. The recent reluctance by officials to talk up the currency could nudge the yen as low as 165 to the dollar, some analysts say, a move that would fan import costs and broader inflation at a time the Iran war is boosting crude oil prices.

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