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USD/JPY – Yen Steady, Shrugs Off Soft Manufacturing Report

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 9, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Japanese yen has posted slight gains on Thursday, continuing the upward movement which marked the Tuesday session. USD/JPY is trading at 106.50. On the release front, Japanese Core Machinery Orders posted a sharp decline of 11.0%, well below expectations. Preliminary Machine Tool Orders also recorded a sharp drop, posting[​IMG]

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