The reason for the Yen selloff were reports (not confirmed yet) that PM Abe will nominate dove ADB President Kuroda to lead the BoJ. Tomorrow, investors will be watching closely to Fed Bernanke's semi-annual testimony, which could have an impact on the USD/JPY.
“The uptrend here has been renewed and my outlook is positive above 93.50 support area, for a rise through 94.30, towards 96.00”, wrote Deltastock.com analyst Stoyan Mihaylov.
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