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USD/JPY ADVANCES ON STRONG US DOLLAR, HIGHER US YIELDS

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  • USD/JPY rises propelled by strong US retail data strengthening the Dollar against the Yen.
  • US housing indicators falter as Building Permits and Housing Starts underperform, hinting at a construction sector slowdown.
  • US Industrial Production remains stable, underlining a mixed yet resilient economic backdrop.
  • Japan's Finance Minister Suzuki stresses vigilant Forex market monitoring.

The US Dollar clocks gains versus the Japanese Yen in early trading during the North American session. Strong economic data from the United States (US) and neutral to hawkish comments by US Federal Reserve officials boost the Greenback. The USD/JPY trades at 154.61, 0.22% above its opening price.


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