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JPY Daily News
The Yen Looks to Continue Gains within Its Crosses.
The JPY finished yesterday's trading session with mixed results versus the major currencies. The yen saw very a small depreciation against the USD at 109.72 as it mostly range traded throughout yesterday's session. The JPY appreciated versus the Euro by just less than 100 points closing at 162.09 before midnight GMT. Yesterday there were no economic indicators published from Japan as most of the movement from the Asian powerhouse came from its American and European competitors. US stock markets were relatively calm, preventing any real break in carry trading.
Today we have another day of economic news without the presence of the Japanese. Investors are advised to follow news releases from the dollar especially as a change in direction from the USD could spur on healthy risk appetite.
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