Yen falls as Japan raises sales tax

Source: Reuters
© Scanpix/RS
The Japanese currency weakened on Tuesday trading session as the country implemented sales tax hikes, while the U.S. currency slipped as the U.S. Federal Reserve claimed that the current monetary policy is in line with the bank's plan. The Yen traded at 103.35 per U.S. Dollar after closing at the weakest level in a three-week period at 103.44.

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