In trading pair USD/JPY ASIA session today (26-02) observed Japanese Yen weakened the pull back of U.S. Dollar and are in the range of 89.40.
Pressure Japanese Yen against the U.S. dollar today as the reduced slightly the market response to the testimony to the leadership of the Fed Ben Bernanke.
Testimonials led the Fed in monetary policy report before the Committee Banking, Housing and Urban Affairs United States Senate is a positive response as an appreciation of the forex market on monetary policy institutions.
Although indicators reported Unemployment Claims 496K increase to previously expected to fall to 461K from 474K the previous value. However, the market is not too negative response because of deteriorating labor sector, the U.S. has led the Federal Reserve delivered yesterday, so the market has been anticipating it.
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