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JUN 15, 2013 - Investopedia

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Yen’s Gains to Extend as BoJ Stands Pat, Fed Tapers Less than Expected

Fundamental Forecast for Japanese Yen: Bullish- The BoJ is Fighting an Over-Extended USD/JPY and Other Yen Crosses- USD Losses Limited Ahead of FOMC, BoJ Pause to Support JPY- Yen’s Outperformance Continues; Euro Slips Despite Stronger Peripheral DebtThe Japanese Yen was the top performing currency this past week, gaining +3.45% against the US Dollar, with the USDJPY closing at ¥94.10, the lowest level since April 4, the day the Bank of Japan announced its sweeping QE measures that ultimately propelled the pair through 100.00 within four weeks.    

Tags: Yen’s Gains to Extend as BoJ Stands Pat, Fed Tapers Less than Expected,  Euro Latest News