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Japanese Yen Weakens After Tankan Survey Misses Expectations

The Japanese yen depreciated against major currencies during the Asian session as the Bank of Japan's quarterly Tankan Survey of business sentiment showed a rise in large manufacturing sentiment, but it fell short of market expectations.

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The Japanese yen weakened against other major currencies in the Asian session on Thursday after Japan business sentiment data improved but came in below market expectations. The Bank of Japan’s quarterly Tankan Survey showed that large manufacturing sentiment in Ja…