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Forex Flash: USD/JPY breaks 100.00 with broad-based dollar buying

FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that USD/JPY has broken 100.00 with broad based dollar buying.

He adds that the timing was always going to be difficult to predict but not many would have chosen yesterday as the day in which the dollar broke through the 100.00 level versus the yen. He notes that there was relatively little in the way of top tier news although he would argue that there has been continued momentum favouring the dollar based on ongoing central bank actions outside of the US to ease monetary policy.

Italy Mar Industrial Output s.a. (MoM) rises to -0.8%; -5.2% (YoY)

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Asian stock markets in focus, Nikkei explodes as USD cruises past yen

Asian stocks were a tale of two indices, as Chinese markets notched modest gains, while the Japanese Nikkei surged ahead to over 5 year highs following the USD/JPY surge over 100.00. Indeed, the cross has climbed to 101.32/41 during trading recently.
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