With worries about Sunday's general election out of the way, the dollar-yen rate has returned to where it stood a week ago.
After falling below 104 yen briefly late last week, the dollar has turned higher and now appears poised to recover the 106 yen level.
The yen's recent strong showing was mainly due to expectations that the ruling coalition would come through largely unscathed. There was talk that many market participants sold dollars short.
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