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JPY Gains versus Counterparts
Thursday, 6 Oct 2011
The Japanese Yen gained versus the EUR and the Pound while remaining mostly unchanged versus the USD as uncertainty over the economic conditions in Europe spurred investors to turn the safety of the Japanese currency.
Traders today should follow the release of the US Unemployment Claims, heading to tomorrow's highly anticipated Non-Farm Payroll data. Traders should follow the release from the ECB regarding the interest rates as well as the general assessment of economic conditions. Negative economic conditions will further support the Japanese currency.
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