The Japanese yen slipped from its strongest level in two weeks against the euro and from a one-month high against the dollar. The yen was weighed by downbeat industrial production data from Japan, which gave scope to the Bank of Japan to continue on its path of expanding stimulus and dampened demand for safe haven assets. Earlier in the week on Monday, the yen was supported by expectations of sluggish data out of China which also took its toll on equity markets. But the Nikkei and other equity indices in the region wobbled back as the yen weakened.
IMOH, Clement I.
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