The euro was able to stage an upward correction against several of its main currency rivals yesterday, as hopes that a deal would soon be reached to provide Greece with a new round of bailout funds. The Japanese yen sunk lower throughout the day, as speculations that the Bank of Japan will initiate a new round of monetary easing next month continued to weigh down on the currency. Today, traders will want to note that US markets will be closed in observance of the Thanksgiving holiday. That being said, market volatility is expected during mid-day trading following a Spanish 10-year bond auction.

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