The yen continued to rise in a risk-off environment. Fed Chair Yellen equivocated during her testimony yesterday, neither confirming nor denying a March rate hike is on the offing, while oil prices tipped southward and reopening, post-Lunar New Year Hong Kong stock markets tumbled sharply as investors there caught up with the week's dismal global growth vibes. USD-JPY made it the ninth consecutive trading day that a new lower low has been seen, this time hitting a nadir at 112.27, the lowest traded since November 2014.
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