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Earlier today an update here noted how the Bank of Japan governor, Kazuo Ueda was talking on the wires. Well, it seems his comments regarding the possible need to adjust monetary policy in order to combat the weak Yen has largely fallen on deaf ears so far. Indeed, the USD/JPY has not really backed off much at all yet today and just now it is close to session highs (155.68), currently trading at 155.63. The simple reason for that would seem to rest with the fact that US yields are higher still ahead of a whole load of bond issuance from the US government today
As noted a couple of times this week, there will be no Quick News updates next week. That is due to absence. However, there are some important events...
As the US stock markets reopen, gold has lurched higher. Earlier it was probing levels above $2,390 and then it took out the previous high just above...
On Wednesday when the EUR/USD lifted above a noted down trend line support, the move extended to a high at 1.0869. That was all driven by the latest...
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