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Yen Rises Further Against the Dollar in an FOMC Focused Trading Day


In Japan, the consumer confidence index for June was reported today at 44.3, lower than expectations for 45.6. The Yen has been trading higher against the US Dollar following weak trade data from China. USD/JPY is trading a few points below 100.00 at the time of this writing, and the pair may see resistance by that key figure. Support may be provided by a rising trend line from February, currently at 97.50.
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