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Yen Goes on a Rollercoaster Ride

posted by Avatar fx360 851 days ago in USD, JPY, Daily made popular 851 days ago

The yen went on a rollercoaster ride during the Asian session trade today with USD/JPY first dropping to a low of 89.55 only to skyrocket back to 90.30 in matter of seconds as news of S&P downgrade of Japan swept the market. The yen initially strengthened on reports that Chinese monetary authorities have tightened bank capital requirement yet again
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