ForexLive Asia FX news wrap: Yen has a comeback Friday via ForexLive

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Forex news for Asia trading Friday 21 November 2014

Prime Minister Shinzo Abe formally dissolved Japan's Lower House in preparation for the December 14 snap election

USD/JPY was the centre of attention in the Asian timezone again today. After coming off from highs in the late Tokyo afternoon on Thursday/overnight it struggled to gain ground above 118.25/30 in the early Friday going and soon fell to around 118. Comments from finance minister Aso (see bullets, above) hit the market at the right time and saw USD/JPY slice lower, briefly below 117.50 before getting a bit of a bounce.

Yen crosses, of course, suffered too, although EUR/USd and cable did manage to gain some points during the day.

AUD and Kiwiw, too, had a better day against the USD, bih up around 30 or so points from session lows.

Oil continued its overnight gains, and gold edged pretty much sideways.

And …. coming up soon …

 

posted via ForexLive

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Posted In: ForexGlobalEconomics
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