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Japan fin min talking down yen
Azumi says he told the G7 that the recent fall in stock market prices and the strong yen are damaging Japan’s economy The market was buying USD/JPY as he began to talk, just in case. At the same time, US yields are at the highest levels of the week, which is also adding fuel to the pair. Corporate offers at 78.50 holding the line so far; stops likely above.
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