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Greenback hits 8-month lows

On Friday, the US dollar dropped to its eight-month lows against other key currencies, because traders kept digesting policy decisions made by the Fed and the BOJ. Furthermore, market participants awaited the release of American economic news later today.    

The currency pair USD/JPY decreased 0.93%, trading at 107.10.

The Japanese yen remained broadly backed up after on Thursday the BOJ decided not to change its monetary policy, defying market expectations for extra easing.   

The decision arose just a day after on Wednesday the Fed suddenly left its interest rates intact close to zero and provided little guidance on future rate increases.  

Traders were mostly looking ahead to American data on employment costs, consumer sentiment and personal spending fur further signs on the strength of the national economy following rather a mixed bag of reports on Thursday.     

The currency pair EUR/USD edged up 0.25%, trading at 1.1379, off two-and-a-half week peaks of 1.1413 hit earlier.

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