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USD/JPY Set To Close The Week With The Largest Gain In 10 Months
After a brief pause yesterday, USD/JPY extended higher today, on track to post a fourth day of gains this week and to print the largest weekly gain since November. The pair was little impacted by North Korea’s latest test missile and gained despite a weaker dollar and a small decline in US equities. The greenback fell under pressure in European trading and extended losses against several of its major counterparts after a weaker than expected US retail sales report. Sales in August declined 0.2% versus an expected gain of 0.1% and core retail sales rose 0.2%, missing the consensus for a rise of 0.5%. The ... (full story)