Yen appreciates on speculation its drop was too sharp

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Source: Bloomberg
© Dukascopy Bank
Japanese Yen strengthened versus most of its counterparts on Tuesday on speculations Japanese exporters repatriated funds rapidly and the recent decline was to sharp. Japanese currency climbed 0.4% against US Dollar to JPY 80.29 and appreciated 0.1% against Euro to JPY 107.89. Currently USD/JPY is trading at JPY 80.62 and EUR/JPY is trading at 108.42.
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