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3 Jun 2014
JPY weakened further - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observed the JPY continues to lose ground.
Key Quotes
"The yen has continued to weaken modestly in the Asian trading session undermined by the ongoing improvement in global investor risk sentiment. Downside risks to global growth have continued to ease in the near-term as evident by the improvement in the ISM manufacturing and Chinese non-manufacturing surveys for May."
"The ISM manufacturing survey revealed that business confidence increased for the fourth consecutive month with the sharp decline recorded earlier this year almost fully reversed. It provides a further reassuring signal that the US economy is likely to rebound strongly in Q2 after the sharp slowdown in Q1."
Key Quotes
"The yen has continued to weaken modestly in the Asian trading session undermined by the ongoing improvement in global investor risk sentiment. Downside risks to global growth have continued to ease in the near-term as evident by the improvement in the ISM manufacturing and Chinese non-manufacturing surveys for May."
"The ISM manufacturing survey revealed that business confidence increased for the fourth consecutive month with the sharp decline recorded earlier this year almost fully reversed. It provides a further reassuring signal that the US economy is likely to rebound strongly in Q2 after the sharp slowdown in Q1."