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Yen Crosses Rally on Risk Appetite

Friday, 02 May 2008 21:48:57 GMT

Written by Kathy Lien, Chief Strategist

The Japanese Yen crosses all rallied against the US dollar as risk appetite returns to the market following the better than expected non-farm payrolls report.

All of the Yen crosses are higher, led primarily by the rally in USD/JPY.  Whether or not these moves can continue into the coming week will depend upon the market’s risk appetite because there are Japanese or US economic releases on the calendar.

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