Yen gains as market normalizes

Source: WBP Online
© Scanpix/Reuters
The Japanese Yen gained against the Greenback, rebounding from the seven-month low after the Dollar bulls backed off. Experts forecast positive numbers on soon-to-be released Consumer Price Index, predicting Japanese industrial production to climb 1%, following a sharp decline of 3.4% a period before. Revised inflation numbers predict contraction to 3.4% on a year-to-year basis, from 3.6% expected before. The Yen rose by 0.13% to ¥103.91.
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