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BFSforex: Mizuho: USDJPY year highs of 103.74 just a matter

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BFSforex: Mizuho: USDJPY year highs of 103.74 just a matter

Postby bfsforex » Tue Dec 03, 2013 8:14 am

Tuesday (December 3) Asian market trading, the U.S. dollar against the yen has been steadily rising, now refresh its highest level since May 23 103.38, as rising stock markets prompted traders to sell the safe-haven currency yen.
Traders said the May 22 record high of 103.74 yen during the year have been within reach. Currently the focus of attention of traders is scheduled to be a series of U.S. economic data released this week, especially Friday's November U.S. payrolls report.
Mizuho Trust & Banking (Mizuho Trust and Banking Co.) Takahiro Iizuka traders said the dollar break through 103.74 yen just a matter of time.
Iizuka noted that strong U.S. economic data, coupled with the Shanghai foreign investors that the Bank of Japan will take further stimulus measures, these two factors combined to become the main driving force behind the recent rally in the U.S. dollar against the yen.
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