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Market Summary - First Binary Option Service

Japanese yen rose evidently versus major currencies early Monday trading following a period of instability and weak economic performance as the economy logged a more-than-estimate expansion in the second quarter of the year. Japan’s GDP expanded an annualized 3.8% from the first quarter, higher than analysts’ estimates of 2.6%, which boosted today’s trades on Japanese yen confirming that the world’s third largest economy is well-maintained.

The yen rose noticeably against the U.S. dollar with the USD/JPY pair falling to a low of 99.481 after hitting high of 100.048. The pair started Monday session at 100.001.

The EUR/JPY pair also fell to low of 131.029 from high of 131.335. Meanwhile, the GBP/JPY pair dropped to 155.492 from 155.845 and the session kickstart at 155.771. The euro advanced against the dollar for the third consecutive session with the EUR/USD pair rising to a high of 1.31806 from a low of 1.31669. The pair started the session at 1.31711.

Monday, 09 Sep, 2013 / 7:38

Source : https://www.firstbinaryoption.com

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