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The BOJ is still talking- USD/JPY remains steady at elevated levels

The Bank of Japan boss, Ueda has been talking about the economy and the Yen again today. Yesterday the USD/JPY matched a previous interim high set on Monday, at 151.94. So, once again it was unable to vault that coveted 152 handle. As mentioned here copious times before this remains a key level on the topside. The failure to take that on again yesterday helped the dollar to slip back ahead of the 4pm London fix. The dollar fell back to a low at 151.57. It later closed in the US at 151.76 and it has pretty much hugged that US close so far today. The US CPI data due out later today (1.30pm GMT) is very much integral, as to whether or not the dollar can make it above 152, or reject it with more passion this time around. There will be more to add on the outlook for this data a little later this morning. The range seen in the USD/JPY so far today has been covered by 151.68 to 151.82. It is trading just now at 151.80 
 

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