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Yen weakened broadly in a relatively quiet Asian session, dragged down by disappointing PMI data. The worrying sign is that both manufacturing and services sectors are now in contraction, pointing to growing signs of weakness in Japan’s economy. Despite expectations that BoJ will raise interest rates further this year, supported by strong wage growth, today’s […]

The post Yen Softens on Weak Japan PMIs Disappoints, Markets Tread Water Elsewhere appeared first on Action Forex.

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