The yen is lower, concomitantly with firmer oil prices and equity markets. USD-JPY has recovered the 109.00 handle, putting in some distance form yesterday's one-week low at 107.83. Ditto for EUR-JPY and other yen crosses, with regard to price action. AUD-JPY, one of yesterday's biggest losers, is on today's biggest winners list, showing a 0.8% gain on the day as London opens shop.
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