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The yen traded near the highest level in six weeks against the green currency in today's Asian session amid a drop in European and American equity markets followed by a similar decline in Asian indices, which encouraged investors to buy the yen as a refuge. The yen also gained against the other major currencies; the euro and the pound. On the other hand, the dollar remains weak amid forecasts the Feds will keep interest rates at its low record, especially after pessimistic fundamentals released from the U.S this week.
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