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JPY review: Western Union

The downward drift in U.S. Treasury yields helped the low-yielding yen hold above recent eight-year lows against the greenback. The yen also found marginal support in news that Japan logged a markedly smaller trade defic…

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EconoTimes — Reading the Times. Understanding the Future.

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  • The downward drift in U.S. Treasury yields helped the low-yielding yen hold above recent eight-year lows against the greenback. 

  • The yen also found marginal support in news that Japan logged a markedly smaller trade deficit of ¥424.6 billion ($3.5 billion) in Feb, down from a ¥1.18 trillion shortfall in Jan. 

  • JPY buyers should take some comfort taking cover in the current market since the dollar has struggled recently to keep above the key ¥120 mark.

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