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The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into the bond market dissipated.

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Yen Surges as Japan Intervenes in FX Market for First Time Since 1998, Forex Update By www.KitesCommodity.com

The yen surged as the Bank of Japan intervened to support it in the foreign exchange market for the first time since 1998, only minutes after signaling it still doesn’t want to tighten monetary policy.

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