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by ForexNewsNow Team on December 30, 2010

Japan manufacturing PMI rises, data show

NEW YORK (Forex News Now) – Japan’s manufacturing PMI index rose slightly in December, data showed on Wednesday in the day’s major realtime forex news event affecting the yen.

In a report that usually has an impact on currency market trading, leading business survey firm Markit said the index rose to 48.3 points, up from the mark of 47.3 published the previous month.

No forecasts are published for the index on online FX trading news sites, although the December figure reverses a downward trend that began after the index – which is based on surveys with purchasing managers – hit a peak of 54.7 in May.

The USD/JPY currency pair was trading at 81.56 at around 7:45 A.M., GMT on Thursday, down 0.06% on the day.

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