Positive Chinese Reports & Negative Domestic Data Send Japanese Yen Lower

Apr 01,2019 05:17   Source:Earnforex
The Japanese yen opened sharply lower and proceeded to fall against all other most-trade currencies, emerging as the weakest currency on the Forex market today. While the main reason for the drop was risk appetite caused by positive macroeconomic reports in China, domestic macroeconomic data did not do any good to the Japanese currency either. Japan’s Tankan large manufacturing index dropped from 19 in the fourth quarter of 2018 to 12 in the first quarter […]

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