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Yen falls against $ on low inflation and industrial output
Hi guys, I hope you had a wonderful time with your family. Here's a brief report on Yen.
On Boxing Day, Yen declined against the Dollar as Japan’s inflation slowed and industrial production slumped adding to bets the Central Bank would pump cash into the economy at a faster pace. The Dollar fell for a fifth week against the Euro as reports showed U.S. holiday-season spending declined. On 26th Dec, Sterling moved closer to parity with the euro to a record low at 97.32 pence.
Japan’s currency fell 0.5 percent to 90.81 per dollar. The yen fell 0.6 percent to 127.40 per euro from 126.67. The euro was little changed at $1.4023 from $1.4025.
Cheers!
Clever111
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