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Dollar continues to try and press higher-check out the USD/JPY
Earlier this afternoon, the rebound in the USD/JPY extended to above 151.00. The initial rebound reached 151.24 and then another drop into the 4pm London fix played out. The dollar fell back to below 150.90. However, since then it has been on the rebound again and it is just edging towards that earlier high. The driver for this is once again a rise to session highs right now in the US treasury bond yields. The 2 Year note is now at 4.92 and this is supporting the rebound in the USD/JPY, which is just now trading at 151.15
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