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SEP 06, 2013 - Investopedia

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Session Recap: USD eases in Asia ahead of NFP; Yen strengthens

FXstreet.com (Barcelona) - Still not sure as of why, but Nikkei index sold off from above the 14000 points mark in early Tokyo session, down last more than -1% leading the Yen higher, and taking with it the USD broadly lower to as low as USD/JPY 99.69 and EUR/USD to as high as 1.3138.Talk of Tokyo “Olympic bid slipping away” was rumored to be behind the early stocks selling off, no way to be confirmed till tomorrow's vote, but truth is given the busy weekend ahead with NFP included and war drums rolling, Nikkei index had been above +5% increase for the week, so some profit taking ahead of so ... Read More

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