JPY – The Yen Trades Lower Again

The JPY lost a touch of additional ground to the USD on Tuesday as Asian bourses once again mirrored their global counterparts. Investors have pushed the JPY to losses the past few sessions and this has clearly come about as a sudden wave of optimism has come into the equity markets. Gold is trading near 1233.00 USD an ounce and it has been in a fairly consolidated range the past week as investors continue to keep the precious metal at relatively high values but nevertheless seem to be sitting on the fence for the time being.

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