The dust settled in forex markets following the sharp bout of volatility on Friday after the much weaker than expected U.S. jobs headline. USD-JPY edged out a new one-month low of 106.37 in early Tokyo trade before settling to the upper 106s. EUR-JPY remained just above the 37-month low seen at 120.83 before rebounding to the mid 121s. The movement reflected a sudden demand for the safe haven of the yen on Friday after the U.S. data. EUR-USD, meanwhile, has ebbed back under 1.1350 after clocking a three-week peak at 1.1374 on Friday, which produced by a two big figure rally.
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