The yen has traded moderately firmer today, showing about a 0.25% gain versus both the dollar and euro as London interbank people take to their desks. Lower stock markets across the Asia region, as investors continue to face prospects for a Fed rate hike as soon as the June 15th-16th FOMC, have underpinned the yen via the usual inverse correlative pattern. USD-JPY fell to a three-session low at 109.63, down from Friday's closing level at 110.11. EUR-JPY logged an intraday low at 123.15, which is shy of Friday's low at 120.05. Elsewhere, the dollar corrected a little.
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