The US dollar is feeling heavy against the Japanese yen on Wednesday. The pair has lost nearly 1% on the day, retreating from 105.50 area, to break support at 105.00 reaching to multi-week lows at 104.35.
Dollar plunges on US stimulus hopes
The US dollar has broken below the 105.00/106.00 horizontal trading range seen during the last two weeks as fresh hopes about the possibility of a fiscal stimulus agreement in the US have triggered a sell-off on US bonds that has undermined demand for the greenback


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