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Yen Hits 3-year Low
Description
The Japanese Yen fell to a 3-year low on Friday, the Dollar is poised for its first weekly decline in a month and Bitcoin rose to $60,000 to create a firestorm of instability for safe haven currencies. The Yen fell to 114.4 per Dollar and the Dollar index fell to 93.9, down 2% for the week. Derek Halpenny of MUFG noted, “The lack of upside surprise in U.S. [consumer price inflation] data and confirmation of existing expectations on Fed tapering in the minutes provided no catalyst for additional [U.S. Dollar buying and hence the sell-off.”]
Keywords & Tags
#bitcoin
#crypto
#cryptocurrency
#finance
#inflation
#business
#btc
#crypto news
#United States
#economic recovery
#U.S. Government
#Japan
#U.S
#economic growth
#U.S. Dollar
#currency
#forex
#dollar
#yen
#Japanese yen
#dollar index
#decline
#3-Year Low
#Global Rallies
#Safe Haven
#Currencies
#consumer price inflation
#Fed tapering
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