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Yen Rebounds From 5-Year Low Against Euro After Upbeat Japanese Data

The yen had a roller-coaster ride in Friday’s Asian session, briefly falling to a 5-year low against the euro and dropping to a new six-month low against the dollar but was able to trim losses after a series of positive data out of Japan. Inflation accelerated at a faster pace in November while factory output also rose, giving a more positive outlook for the Japanese economy. The upbeat...

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November 29, 2013 @ 9:43 am

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Euro Steady Around $1.35

The euro was stronger today particularly against the dollar and the pound. While there were no economic data releases today from the Eurozone to explain the move, there were some headline news which affected sterling and dollar. With regards to sterling, the main focus today was on the Bank of England inflation report hearings during which Governor Mark Carney gave his testimony in the UK...

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November 26, 2013 @ 3:04 pm

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Yen Hits 4-Year Low Versus Euro After BOJ Governor’s Speech

The yen remained under pressure in Friday’s Asian session after being pushed lower by Bank of Japan Governor Kuroda who appeared before the Japanese “Diet Committee” to talk about monetary policy. He reiterated the Bank of Japan’s commitment to undertake necessary policies to fight deflation. Such policies tend to have a weakening effect on the yen. The yen fell to a four-year low...

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November 22, 2013 @ 8:55 am

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USD/JPY Trades Below 100.

The US dollar slid against the yen during a quiet Asian session today, trading below the key 100 yen level and touching a low of 99.56 before steadying at 99.80 by the end of the session. Much of the reason behind the slide is due to profit taking as market participants are unwilling to take the USDJPY pair too high as there are expectations of continued quantitative easing by the Federal...

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November 19, 2013 @ 8:25 am

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