Monday, April 23, 2007

Yen recovers as tame CPI weighs on Aussie

(Reuters) - The yen recovered broadly on Tuesday as a second set of surprisingly tame inflation data pushed the Australian dollar lower, dragging down other major currencies including the euro.

The yen was also supported by short covering ahead of Japan's Golden Week holidays starting next week and before key data and a Bank of Japan monetary policy meeting on Friday.


Read more at Reuters Africa

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