JPY Trading Outlook (02-07-2014)

The USD/JPY gained 7 points to trade at 101.59. The Bank of Japan’s “tankan” survey, announced Tuesday morning, showed that the current business sentiment diffusion index for large manufacturers in June fell 5 points from March to plus 12, weaker than the median forecast of plus 15 in an advance Jiji Press survey of 19 research institutes.

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