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Yellen repeats testimony from yesterday

FXStreet (Córdoba) - Federal Reserve Chair Janet Yellen presented her semiannual report on monetary policy to the Senate Banking Committee on Thursday.

Prepared text was an identical copy to yesterday’s testimony with expectations of a rate hike at some point this year.

USD/JPY: Yen balanced on inflation outlook - BTMU

Analysts at The Bank of Tokyo-Mitsubishi UFJ, Ltd. explained that investor concerns surrounding Greece and China have eased supporting more risk seeking behaviour which is weighing on the yen.
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