Yen remains under pressure as China PMI, U.S. data eyed

dimanche 1 décembre 2013

A trader works on the floor of the New York Stock Exchange during the opening bell in New York Japanese shares could get support from a weaker yen on Monday, while investors were generally cautious as they awaited a Chinese manufacturing survey later in the session as well as key U.S. data this week. Official data released over the weekend showed China's factory growth held at an 18-month high last month on firm domestic and foreign demand. "The dollar finished November at its highest level against the yen since May. It appears to have broken out of the six month consolidative pattern," Marc Chandler, global head of foreign exchange strategy at Brown Brothers Harriman said in a research note.








via Business News - Yahoo Finance http://finance.yahoo.com/news/yen-remains-under-pressure-china-234739266.html

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