Forex: USD/JPY reaches 27-month high
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USD/JPY
FXstreet.com (Córdoba) - The dollar extended gains versus the yen during the American session and reached its strongest level since September 2010 in thin trading conditions amid news some BOJ members leaned toward more aggressive easing in November.
USDJPY printed a 27-month high of 85.71 in recent dealings and it is currently trading at the 85.60 area, recording a 0.9% daily gain, having left a bullish opening gap from Monday's close.
The yen has been under pressure as new Prime Minister Abe is calling for a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and weaken the yen.
USDJPY printed a 27-month high of 85.71 in recent dealings and it is currently trading at the 85.60 area, recording a 0.9% daily gain, having left a bullish opening gap from Monday's close.
The yen has been under pressure as new Prime Minister Abe is calling for a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and weaken the yen.
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