The dollar is solidly higher against the yen following last night's somewhat shocking trade and current account deficit announcements. Trained by 30 years of data, markets are not used to Japan being in deficit. The country's abandonment of nuclear power amidst rising oil prices is likely an important factor. Dollar +0.7% to ¥81.64.
The dollar is solidly higher against the yen following last night's somewhat shocking trade and...
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