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Flash: Amari warns that JPY weakness could be harmful – TD Securities

FXstreet.com (London) - The research team at TD Securities have noted that the Topix is up +1.5%, despite the USDJPY easing -0.5% to 102.70, after punching through 103 on Friday.

They explained that the appreciation of the yen has been blamed on comments by Japan’s economy minister Amari, who was quoted as saying in an interview with national broadcaster NHK on Sunday that further weakness of the yen could be ‘harmful’.

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Having breached the 103.00 mark in markets last week, a four and a half year high, the pair have opened around the official London open far below 103.00 and at 102.67
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USD/CHF testing 0.9700 barrier

The USD/CHF pared its meager European gains Monday, having fallen off highs at 0.9720 – in these moments the cross has incurred a slight loss of -0.08%, as it is testing the 0.9700 region.
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