Narrow ranges have prevailed among the dollar majors and other currency pairings as markets hunker down into the release of the May U.S. jobs report today. The yen has remained firm with USD-JPY edging out an 18-day low of 108.49, surpassing yesterday's low by only 3 pips. The yen has been trading firm since Wednesday's announcement by Japanese PM Abe's of "bold economic measures" later in the year, along with a bigger delay than anticipated in the planned sales tax hike (to at least 2019), which seemed to suggest a shift in policy toward fiscal and away from monetary.
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