Saturday, February 1, 2014

Epic Research Singapore : Forex Market Update

Against the yen, the greenback USDJPY -0.69% fell 0.7% to ¥102.04 from ¥102.72, as the Japanese currency gained on positive data. Japanese consumer prices rose at their fastest pace in over five years, adding to optimism that the country could finally end deflation. The core consumer price index rose 1.3% in December, compared with a year earlier. The yen rose 2.9% against the dollar in January, the biggest rise since April 2012.  

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