The Dollar/Yen finished higher last week, backed by strong buying throughout the week before suffering a mild set-back on Friday. Most of the strength during the week was fueled by a jump in demand for higher risk assets, which encouraged investors to shed positions in the safe-haven Japanese yen. Stronger-than-expected U.S. economic data also contributed to the rally although investor chose to ignore a strong U.S. jobs report on Friday.
Last week, the USD/JPY settled at 109.782, up 1.426 or +1.32%.


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