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Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy.

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                                    Testimony for trade alert

Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.

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Currently, USD/JPY is trading at 111.49, up 0.60% on the day, having posted a daily high at 111.61 and low at 110.99.

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