By Dean Popplewell, Contributor

Yen and more selling of it just about sums it up for another relatively dull overnight foreign exchange (forex) session perforated with a few CNY band-widening rumors. Well, it was dull until the release of disappointing UK data continued that economy’s dismal uninterrupted economic run. USD/JPY traded to 96.70, a three-and-a-half year high, in response to dovish comments from Kikuo Iwata, nominee for the Bank of Japan (BoJ) deputy governor and on reports that BoJ governor nominee Haruhiko Kuroda will hit the ground running, and launch easing steps as early as next week. …read more
Source: FULL ARTICLE at Forbes Latest