Excerpt from:  Futures and Commodity News
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June 07, 2007

U.S. Dollar Up Against Japanese Yen in Spot Forex Trading

Spread bets, CFDs and spot forex trades
A strengthening U.S. dollar is up against the Japanese yen on the spot forex market. The yen is struggling in spot forex trading due to the yield gap, as well as reports today that North Korea has test fired more missiles. Reuters reports on the dollar/yen on the spot forex market:

"I think North Korea is being seen as a catalyst (for dollar strength), but realistically, with 10-year yields in the U.S. picking up above 5 percent, the yield spread is also giving the dollar some support," said Jeremy Stretch, strategist at Rabobank.

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