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JPY has recovered from worst levels that were...>

YEN
YEN: JPY has recovered from worst levels that were hit in early dealing, with
the announcement that US President Trump is set to meet with North Korean leader
Kim acting as the catalyst for JPY weakness.
- USDJPY ran out of steam in front of 107.00 and last trades at ~106.70, with
EURJPY at ~131.30 (high of 131.60) & AUDJPY at ~83.00 (highs of 83.24).
- The BoJ stood pat at its latest decision, as expected, while Kataoaka once
again dissented in favour of looser policy.
- The decision itself was always likely to be a non-event, with markets set to
pay more attention to BoJ Gov. Kuroda's press conference following last Friday's
apparent mishap.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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