The yen has remained well bid, with USD-JPY trading to fresh near three-month lows and EUR-JPY extending deeper into near eight-month low territory. The commodity and emerging market currencies continue to underperform, with most commodities and stock markets in Asia mostly trading lower once again (though China is an exception today, with the Shanghai Composite up over 2%). USD-JPY's low is 118.35, which was seen during the early Tokyo session, with the pair having since repaired to around the 118.70 level. EUR-JPY's low is at 123.45.
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