Jul 8, 2015
USD/JPY off 7-week lows, near 121.50
The yen continues to hammer the US dollar in mid-European session, dragging USD/JPY to fresh multi-week lows near 121 handle. The major was heavily offered in today’s trade in running as traders favoured the safe-havens such as yen on increased risk aversion triggered by latest development surrounding Greece and China. While markets anticipate dovish FOMC minutes which also weighs on the major.
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