In currency trading the Asian session today (22-07), seen through the strengthening of the Yen against the U.S. Dollar. Pair EUR / JPY is currently engaged in the range of 86.70.
Early this morning, Fed Chairman Bernanke stated that the current U.S. economic outlook is uncertain, quite logical to see the U.S. economic data that was bad enough lately. Global markets certainly do not like uncertainty, so the demand for safe haven such as the yen rose.
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