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The yen (FXY) opens 1% weaker vs. the dollar on news of a dovish selection for BOJ Governor....

The yen (FXY) opens 1% weaker vs. the dollar on news of a dovish selection for BOJ Governor. Sterling (FXB) opens -0.7% vs. the greenback following the Friday evening downgrade of the U.K. credit rating. At $1.5077, the pound is at its weakest level vs. the dollar in more than 2 years. It bottomed at around $1.35 during the financial crisis.
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