The Japanese currency started the week losing versus the greenback as the U.S. economy recovers, reiterating speculations that Fed stimulus may be lifted in a foreseeable future.
The yen lost today specially versus the dollar and the Swiss franc as fundamental factors in both nations produced capital inflows to the U.S. and Switzerland, leaving a less attractive Japanese currency behind, as the Asian’s nation moneraty policy remains as the less welcoming for traders searching refuge investments.
USD/JPY traded at 91.17 as of 19:32 GMT from a previous rate of 90.33 when markets opened yesterday.
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