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USD/JPY Analysis Today 05/09: Safe-Haven Flows (Chart)
(MENAFN- Daily Forex)
- The Japanese yen has risen to the brink of the 143.00-yen level against the US dollar, recovering sharply from its two-week low as weak US manufacturing data fuelled recession fears, boosting demand for safe-haven assets.
- Also, Investors adopted a cautious stance ahead of the crucial US jobs report, which could impact the magnitude of the expected US interest rate cut by the Federal Reserve this month.

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