Yen Soft Despite Cautious Market Sentiment, Mixed Data Doesn’t Help

Apr 10,2019 15:11   Source:Earnforex
The Japanese yen was soft today, failing to profit from its role as a safe haven, even as investors were nervous after the International Monetary Fund downgraded the global growth outlook and the United States showed willingness to enter a trade war with the European Union. Mixed domestic macroeconomic data did not help the currency. Lending by Japanese banks increased 2.4% in March, year-on-year, whereas analysts had expected the same 2.3% […]

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