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>> JAPANESE YEN Latest News

MAY 04, 2013 - Zero Hedge

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Currency Positioning and Technical Outlook: Heavy Dollar Looks Likely

  There are several incremental additions to our information set from developments over the past week.  The US manufacturing sector is stalling, with the ISM at new four month lows, and the sector failed to add jobs in April, for the first time since last September.  The euro area economy remains weak and the German engine also appears to be flat lining.   Industrial output in Japan is stabilizing, albeit at weak levels, while domestic consumption remains restrained and wage growth is poor.  This suggests that only the weak yen component of Abenomics seems to be ... Read More

Tags: Currency Positioning and Technical Outlook: Heavy Dollar Looks Likely,  Japanese Yen Latest News