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USD/JPY Fell 70 pips to 119.55 on Japan Economic Advisor Comments

 

YEN.3.3 resized 600Chart: WorldWideMarkets Alpha Trader

Dollar yen fell steadily from the Asian session high of 120.25 to 119.55 (-70 pips) following the comments of Etsuro Honda, an economic advisor to Japan's Prime Minister Shinzo Abe. Honda told the Wall Street Journal in an interview that Dollar yen may be at the "upper limit of comfort zone." 

 

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