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The dollar nearly at 120 Yen

The American currency is now only within 0.1 percent to reach 120 Yen making it the highest since back in 2007 July amidst predictions by analysts that American job growth will increase while recession will continue for Japan. A measure that tracks the American currency will be making its highest close in over 5 years. […]

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Yen takes a fall to 7 year low

Yen took a fall and 2 year government bonds yields of Japan fell below 0, this after data revealed household expenditure dropped and inflation reduced. 1.6 percent was the number for the monthly loss for the Yen versus all its 16 counterparts amongst thoughts the Bank of Japan would continue growing stimulus. The 18 nation

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Aussie at a near 4 year low

The dollar from Australia was trading at 0.3 percent from its 4 year low, this just after the Deputy Governor Philip Lowe of the central bank yesterday claimed the Aussie could likely fall even further to the point of the commodity export prices. The Japanese currency was close to the lowest level in 7 years

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Yen makes a small comeback

Amidst feeling that the yen’s decline has been overstretched, the Japanese currency made its rebound from a near 7 year low against the dollar. The Governor of the Bank of Japan, Haruhiko Kuroda claimed the economy is set to attain the 2 percent inflation target set by policy makers. The yen climbed versus all its

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Euro nearing 2 year low

The 18 nation currency is close to a 2 year low against the American counterpart this just before a report that economists claimed that this showed business confidence had fallen over the prior 7 months. The euro fell versus most of the major peers when the president of the European Central Bank, Mario Draghi claimed

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