The yen… It seems every time the yen strengthens, investors in Japanese stocks rush to price in the move. Last time Japanese shares traded, the dollar was sitting comfortably above ¥104, but this morning it was just above ¥103, having dipped into the upper ¥102 range during U.S. hours. (The euro-yen cross rate wasn’t much prettier for Japanese...
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US job growth fell sharply in December
The US economy created only 74,000 jobs in December, with many Americans giving up looking for work, latest figures show.
The number of jobs created was the lowest for three years and was well under half the number expected by analysts. The US unemployment rate fell to a five-year low of 6.7%. However, that was mostly due...