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Japan’s Top FX Diplomat Mimura: Recent Yen moves deviate from the fundamentals

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Wednesday, “recent Yen moves deviate from the fundamentals.

Additional comments

  • There is some speculation in the market about Japan's macroeconomic policies, especially fiscal policy.
  • Yen long positions have been shrinking after the summer.
  • We all agree that monetary policy itself is in the hands of the Bank of Japan (BoJ).

Crude Oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.40 per barrel, up from Tuesday’s close at $60.23.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.19 price posted on Tuesday, and trading at $64.37.
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Forex Today: US Dollar consolidates gains ahead of key data

Here is what you need to know on Wednesday, November 5:
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