Asian Session: Yen Expected to Drop Lower on Comments From Japanese Finance Ministry





G10 Advancers and Decliners vs USD
EUR -0.07
JPY -0.47
CHF -0.61
GBP -0.66
The economic environment in Japan has been less than attractive for investors considering the extremely low yields and heavily export driven growth. A recent wave of central bank commentary regarding intervention has been a significant component of the recent rally in major currency pairs. South Korea for example was said to have been purchasing dollars to stabilize the Won’s strong…

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