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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 10/Mar 13:10

Yen strengthens amid safe-haven demand

The EURJPY currency pair fell sharply to near 159.00 in European trading hours on Monday, facing sharp selling pressure as the Japanese Yen outperforms across the board amid dismal market sentiment. Deepening doubts over the US economic outlook under the Trump administration has increased the safe-haven appeal of assets, such as the Yen and Swiss Franc (CHF). Meanwhile, the US Dollar is facing strong selling pressure as signs of a slowdown in the American economy have prompted Federal Reserve dovish bets. Apart from the safe-haven demand, firm expectations that the Bank of Japan will raise interest rates again this year

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