Yen surge dampens US$ bullish streak
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London
AN early surge in the yen in Asia on Thursday put a dampener on any further progress for the US dollar after a bullish two weeks and spurred speculation that US investors are opposing any gains past 110.50 yen.
In relatively illiquid conditions in the first minutes of trading in Tokyo, a large order drove the yen more than half a per cent higher against the US dollar, undoing the bulk of this week's gains for the US currency.
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