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2013.10.2112:59:00UTC+00Research: Jpy Fundamentals

  • The yen was lower against the greenback as an expected onslaught of U.S. data in the coming days and weeks caused many to position carefully. 
  • On tap Tuesday is America's almighty employment report. 
  • The report is coming out a few weeks later than usual since the recent U.S. government shutdown put a halt to the release of many U.S. government reports. America's jobs report should shed some light on the outlook for Fed policy. 
  • But the latest jobs survey may carry a little less influence since it's a snapshot of the economy before the government shutdown. 
  • Still, given the influence the jobs report wields, its outcome should at least be good for some initial currency market volatility in its wake.
  • Japanese data Monday showed a smaller than expected narrowing of the country's monthly trade gap to ¥932.1 billion ($9.5 billion) in September.

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