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The USD/JPY registered modest gains on Thursday as economic data released by the US Department of Labor (DoL) shows the labor market is running hot amid higher interest rates set by the Federal Reserve.
The Euro (EUR) rallied sharply against the Japanese Yen (JPY) on Wednesday, posting gains of 1.27% or more than 200 pips as the EUR/JPY traded at 159.92, at the brisk of conquering 160.00.