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Forex News Today: USDJPY Strengthened Post-NFP Data

 
 
Dollar strengthened against the yen in early trading Monday, continuing the gains after us jobs data or Nonfarm payroll increase faster economic growth expectations and raised the possibility of a rise in interest of reference the Federal Reserve this year.
Figures for Nonfarm payrolls rose 255,000 on last July, above the prediction of economists predict rising 180,000 while job growth in July was also revised up to 292,000, with the sector to absorb manpower.

The dollar strengthened to become 102.13 yen, up 0.3 percent early in the session Monday and extend the recovery value of the dollar since the lowest position three weeks ago at 100.68 on Tuesday.

"Payroll Data puts the market on risky assets, making it difficult to buy the yen for the time being," said Yukio Ishizuki, currency analyst with Daiwa Securities.


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Forex News Today: USDJPY Strengthened Post-NFP Data

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