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Wall Street advances in the first day of the week

FXstreet.com (San Francisco) - The US stocks market closed higher on Monday after recovering some ground from the last week declines. Stocks opened the session with losses but the indexes reversed it in mid-session to close with gains. investors are focused on the 1st-quater session earnings that is expected to be weak.

The Dow Jones advanced 48.23 points or 0.33% to end the day at 14,613.48. The S&P 500 added 9.79 points or 0.63% to close at 1,563.07. And the Nasdaq Composite gained 18.39 points or 0.57% to 3,222.25.

Forex Flash: Buy USD/JPY on dips in the near-term, but be warned by headwinds - Rabobank

After rising 665 pips in the last three session from the 92.70 triple bottom area, the USD/JPY reached today the highest level since May 2009 at 99.35. The movement has been fueled by the BoJ aggressive measures to fight the strong yen. Many banks are forecast the USD/JPY to reach the 100.00 this week with the pair ending the year well above the this mark.
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Forex Flash: NZD/JPY heads towards 89.00 - BNZ

As ‘carry trade’ activity picks up through dumping the Yen to buy higher yielding offshore assets, the NZD/JPY seems to be heading towards 89.00 by year-end, says Mike Jones, Currency Strategist at BNZ.
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