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US stocks rose more than 200 points but that did not help all of the Yen crosses. USD/JPY pared gains as dollar weakness dominates trading.

Increasing Machine tool orders left a glimmer of hope for more positive news from the ailing business sector, but this is highly unlikely as the global economic downturn will have an inevitable impact on once flourishing Japanese exports. Trading volatility should be expected towards the end of the week, as investors get loaded with economic reports. Industrial Production and Capacity Utilization releases should confirm that the economy continues to be in a slump.