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Asian market wrap: JPY weakens for 5th straight day

From forexlive.com

Quarterly BOJ Tankan comes in better than expected, but effect of earthquake likely not included China March PMI +53.4, up from 52.2 in February Irish CB: Ability to repay debt depends on economic growth Asian stockmarkets flat to slightly higher Gold falls 0.5% to $1432/oz on profit taking pre-NFP; Oil $107/bbl Not a lot to report from the Asian trading session except a continued weakening of the JPY. USD/JPY opened just below supposedly heavy offers at 83.30 but they were taken out in early trade as traders triggered stops above 83.35/40. AUD/JPY buying was also consistently to the fore as hedge funds bail into the ... (full story)

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