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2:00 Japan official holiday
2:00 Eurozone bank holiday
2:00 The official holiday Switzerland
The yen fell to a 20-month low against the dollar after the newly elected Japanese Prime Minister Shinzo Abe said he would consider the question of changing the law that governs the actions of the central bank, if it can raise the inflation target. Abe also urged the Bank of Japan to conduct unlimited easing before the end of deflation and restore growth.
Japan's currency fell against all but one of the major currencies on speculation the Bank of Japan to increase foreign exchange measures to achieve the inflation target.
The dollar weakened against the euro Friday after a sharp increase, driven by fears that U.S. lawmakers will not be able to avoid the so-called "financial cliff", which include increases in taxes and spending cuts. We also recall that on Friday, President Barack Obama called the leaders of both parties to agree at least on the minimum compromise on taxes to avoid raising rates for 98% of the country's citizens and to extend unemployment benefits for 2 million Americans. According to the President, the time to reach a comprehensive agreement in 2012 no longer exists. For its part, the Republican House Speaker John Boehner said he was ready for new talks, but after the failure of the passage through the House bill designed it believes that the first should have their say the Senate, where Democrats have a majority. The Senate could theoretically consider his bill Thursday.
EUR / USD: during the European session, the pair rose to $ 1.3223
GBP / USD: during the European session, the pair went up to a maximum of $ 1.6203
USD / JPY: during the European session is around Y84.30-Y84.50
At 23:50 GMT Japan will price index for corporate services in November.
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