Forex Flash: Yen slide key feature today – BBH
FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that for the first time this week, Japanese banks were sellers of the Yen, perhaps encouraged by official comments and a larger than expected deficit.
They comments that other may have been emboldened by Japanese selling and so the Yen continued to sell off throughout the European session. They see that the dollar is back with spitting distance of JPY 90 and the Euro is approaching JPY 120.
They comments that other may have been emboldened by Japanese selling and so the Yen continued to sell off throughout the European session. They see that the dollar is back with spitting distance of JPY 90 and the Euro is approaching JPY 120.
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