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Yen Tumbles To Lowest In 4-Months Against The US Dollar

The yen dropped to its weakest level in four months versus the broadly stronger US dollar in today’s Asian session. USDJPY hit a session high of 100.80 yen and ended the session with a 0.6% gain at 100.70 yen. The diverging monetary policies between the Bank of Japan and the Fed are causing a wider gap between US bond yields and Japanese JGB yields and hence a higher dollar versus...

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November 21, 2013 @ 9:16 am

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Euro Rises Despite Weak Eurozone Trade Data

The euro is trading higher against the dollar today, and extended gains in the European session despite disappointing Eurozone trade data which showed the current account declined in October. The surplus shrunk to 13.7 billion euros, compared to 17.4 billion in the previous data release. The euro managed to shrug off the data and edged higher to trade in the low $1.35 range, hitting a session...

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November 18, 2013 @ 2:33 pm

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Yen Extends Losses

The yen weakened further during the Asian session and is on course to end the week with losses as demand for safe haven assets fell. Market sentiment is high and risk appetite has been propped up due to continued economic stimulus measures from major central banks, especially from the Federal Reserve in the US. Janet Yellen, who is a nominee for the post of Fed Chief, said at her testimony in...

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November 15, 2013 @ 8:58 am

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US Dollar Holds Near 2-Month High Vs Yen

The US dollar retraced slightly against the yen in the Asian session but is still hovering near a two-month high. The greenback is being broadly supported by renewed views of Fed tapering after a series of strong economic data. The dollar is also drawing strength from a surge in US bond yields. Some analysts speculate that the US central bank could be on the path to begin reducing its stimulus...

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November 13, 2013 @ 7:56 am

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