The dollar and more especially the yen rebounded from intraday weakness. EUR-USD inched towards yesterday’s low at 1.1717, with the pair at levels prevailing in the late London morning showing a modest 20-pip-plus (approx) decline on yesterday’s low. EUR-JPY was down quite sharply, putting the cross below the 122.00 level for the first time since mid July, tracking other yen crosses as the Japanese currency found renewed safe haven demand. USD-JPY posted a new five-week low at 104.03. U.S.
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