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Yen edges up ahead of US-Japan trade talks

“Elsewhere in the currency market, the New Zealand dollar slid as its central bank staked out a dovish policy” reports cnbc.com. The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy.The speculation about the timing of an eventual exit from the BOJ’s ultra easy policy stance, along with caution ahead of the trade talks, led to the Japanese currency strengthening to 110.74 yen to the dollar, its strongest in nine days.The yen has fallen about 4 percent against the dollar over the past six months, raising speculation that its depreciation could be an issue in the talks as the Trump administration has raised concerns over countries deliberately weakening their currencies.
 
Source: cnbc.com



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