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A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are usefulJapan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipeline for global finance will continue. Earlier this month the Trump administration stepped in to help Tokyo stabilise its currency. “Japan’s been very good to us, with the exception,

The former England midfielder is everywhere at this World Cup, having reached a popularity in the US other Brits have rarely achievedWatch US television for any length of time and the endless spume of adverts will eventually separate into three distinct types.The first are adverts for units of generic food-substance, each one essentially the same hand-sized grenade of glossy and salted micro-minced matter; but each also with its own industrialised repertoire of colours and noise and pa