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Breakout in Dollar/Yen gives upside target at the highs
Labor Day in the US is often seen as the final throws of the summer break and after it is over, it is back to business. Or so traders must be hoping, after another pitiful day of volume in financial markets with little steer. In the absence of US traders, there was very little to shout about yesterday. However, Asian markets made gains overnight, with the Nikkei 225 around 1.5% higher amid selling pressure on the yen which is now at its lowest level since January. After a mixed day yesterday, European markets are showing slight gains today. In forex trading, the greenback once more rules the roost as the US dollar ... (full story)