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Friday, February 3, 2017

Dollar Back Above ¥113 In Tokyo

After the announcement of the executive order concerning the temporary ban on immigration of seven Middle East countries, the U.S. dollar fell a bit in Tokyo trading.

However, things are becoming more stable as the dollar is back above ¥113.

According to Jiji Press:
Tokyo, Feb. 3 (Jiji Press)--The dollar rose above 113 yen in Tokyo trading on Friday, as long-term Japanese government bond yields fell back on the Bank of Japan's special JGB-buying operation. 
At 5 p.m., the dollar stood at 113.11-12 yen, up from 112.84-85 yen at the same time Thursday. 

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