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Monday, May 27, 2013

Forex News : YEN and USD signal for this week

U.S. Dollar Rises To 4-day High Of 102.00 Against Yen

BOJ offers to buy 400 bln yen in commercial paper (CP) from 5/31

The U.S. dollar gained ground against other major currencies in early Asian deals on Tuesday. The greenback hit a 5-day high of 1.2883 against the euro, 4-day highs of 1.5063 against the pound, 0.9686 against the franc and 102.00 against the yen. If the greenback rises further, it may find resistance level around 1.27 against the euro, 1.49 against the pound, 0.98 against the franc and 103.00 against the yen.

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