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The morning forex trades in Tokyo resulted in the growth of the USD in relation to yen caused by the increased demand and possibility of the basic materials costs growth. So the USD reached 105.07 yen and the Euro - $1.5765. However it is expected that the US dollar will decrease soon due to the US unemployment numbers that have increased throughout the May. The jobless level in the US reached the 5.5% point throughout the May instead of the 5.1 percent predicted by the experts.
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The result of morning forex trades in Tokyo was the certain growth of the USD in relation to major currencies. The reason was the support the USD gained from the Japanese investors. However the short-term forecast for the USD is still quite negative due to the decrease of credit rating of Merrill Lynch, Morgan Stanley and Lehman Brothers.
The Tokyo Forex session showed a decrease of the United States currency in relation to Euro that was caused by the effect of the short-term players. So this is the fall that followed the increase of the USD occurred yesterday after the opinion that the US economy will not witness a recession appeared.