UJPY - Yuan Extends Gains Sterling's First Close Above $1.42 In 3 Years Goes For Nought

• The recovery of the US 10-year yield is helping the US dollar firm.
• The Chinese yuan rose to new three-year highs today, and its 1.1% gain on the week is the most since last November.
• While the yen is bearing the burden on the week, with a 0.8% loss, the Antipodeans are leading the downside on the day.
• The yen's weakness helped lift the Japanese shares, and the Nikkei gapped higher,and its 2.1% gain was the most in ten weeks.
• European shares are firmer, and the Dow Jones Stoxx 600 is reaching new record highs with the seventh consecutive advance.

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