Monday, December 23, 2013

USD/JPY: Japan's Economy is Recovering Moderately, Indicates BoJ

In the Asian session, at GMT0400, the pair is trading at 104.34, with the USD trading 0.16% higher from yesterday's close. This morning, the Bank of Japan (BoJ) in its latest monthly economic survey indicated that it expects the nation's economic recovery to continue at a moderate pace. However, the central



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