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The Dollar/Yen is trading sharply lower late in the session on Thursday as investors shunned risky assets after minutes of the U.S. Federal Reserve’s June policy meeting confirmed it was moving towards tapering its asset purchases as soon as this year.
The risk off theme was fueled by weakness in mega cap U.S. technology stocks and renewed demand for the safe-haven appeal of government debt and safe-haven currencies. A broader-based sell-off in Asian stocks also contributed to the move.
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