The Japanese Yen (JPY) the USD/JPY slipped below Y80 on Friday night with the weak US data and the cross selling accelerated on Monday with the EUR/JPY now down near Y104 and the GBP/JPY near Y128.50. The USD/JPY will be closely watched with the BOJ/MOF likely to comment on the Yen strength in the coming sessions and maybe even stabilize the market if falls become too one sided.
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