US Dollar appreciates against Japanese Yen on Monday

Source: WBP Online
© Reuters
USD/JPY pair was bullish and on track to the 109 level on Monday. The Yen lost its appeal on rumours that Shinzo Abe, Prime Minister of Japan, might put-off a hike in sales tax. In the meantime, Yoshihide Suga, Chief Cabinet Secretary, announced that reports are false and tax increase will go ahead. According to Suga, only a Lehman Brothers scale financial crisis might postpone this decision.
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