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Yen soars further in Asia

On Wednesday, the Japanese yen surged further in Asia because top policymakers of Japan prepared for another set of gatherings on the economy in the wake of the Brexit vote in Great Britain.   

The currency pair USD/JPY traded at 102.548, showing a 0.28% descend, while AUD/USD hit 0.7405, showing a 0.27% surge. The currency pair GBP/USD slumped 0.24%, hitting 1.3314.

In Japan, May retail sales dipped 1.9% year-on-year, compared to the previous reading of -1.6%. In Australia the HIA new home sales figures for May edged down 4.4%, which is less than the expected descend of 4.7%.

The British pound went down after Britain’s Prime Minister David Cameron informed EU leaders that they would have to offer Great Britain more control over immigration at the end of a fractious day where statesmen across Europe had fierce disputes over the meaning as well as consequences of Brexit.

The U.S. dollar index, traditionally evaluating the greenback’s power against a trade-weighted basket of major six currencies, edged up 0.02%, reaching 96.21.

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