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Forex: USD/JPY extending losses on Monday

With Japan’s Nikkei Stock Average out for Showa Day, the USD/JPY first eased to 97.36 low, extending last week’s losses, but was able to retrace part of the losses to 97.80 (-0.30% on the day) ahead of the European session. Spain retail sales and HICP, Italia wage inflation, EMU confidence, Greece PPI, and German CPI will be published today during the European morning.
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