The Japanese Yen hit a one year high yesterday on the back of a Global selloff in equities and commodities. Already the Yen holds the position of standout performer of 2016, as it has appreciated by more than 2% against all 31 other major currencies. However, it has been suggested that this is only due to turmoil in China, and the effect this has had on the European and North American markets. With no major data releases affecting the Japanese move, it will be interesting to analyse the health of their statistics next week.
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