Yen Slips as China Sentiment Improves, Political Pressure Builds on BoJ

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Yen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report and a surprise U.S. trade gesture as signs of stabilizing conditions, prompting flows back into risk assets. China’s October CPI […]The post Yen Slips as China Sentiment Improves, Political Pressure Builds on BoJ appeared first on Action Forex.