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Thursday, March 30, 2006

USD/JPY: Sitting On The Fence

The Dollar was soft overnight, though it seems to be perking-up in early U.S. trade. With U.S. Q4 GDP growth revised upwards to 1.7%, underlying strength expectations are being tweaked higher. Weekly jobless claims moderated somewhat to 302k for the most recent week, though the previous figure was revised higher to 312k. Read More....