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Market Update

Asian Markets Drift Lower

Asian markets extended their losing streak Friday with Japanese exporters posting sharp declines on the back of a stronger yen.

At 12:43 a.m. Tokyo time, the Nikkei was down 2.1% as the yen grew sharply stronger against the dollar overnight. The USD/JPY pair was trading at 96.26 at the time of writing, as the yen posted its steepest rally against the greenback in two years.