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JPY Falls as Nuclear Radiation Concerns Grow

News today that deadly levels of radiation were detected outside reactor buildings at Japan’s Fukushima Dai-Ichi nuclear power facility caused the yen to fall against all its major counterparts.

The yen weakened 0.4 percent to 81.68 per dollar at 3:05 p.m. in New York, from 81.34 March. The Japanese currency fell 0.5 percent to 115.14 per euro. The euro was little changed at $1.4096 after falling as much as 0.5 percent.

Source: Bloomberg

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Posted by Staff at 7:16 am UTC, 05/24/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%