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A lot of comments today but for once the USD/JPY is not the centre of attention
As the Pound faces further downside pressure right now, that is forcing the EUR/USD ever closer to a real test of its 200 day moving average, at 1.0874. That is despite further upside right now in the EUR/GBP. Meantime, there have been a plethora of official Japanese comments on the Yen, but so far the USD/JPY has for once been rather sidelined. That is because right now the focus in more on the Pound and the Euro. The range seen so far today on the USD/JPY has been covered by 148.88 to 149.37. The dollar closed in the US last night at 149.20. That all said, the likes of the EUR/JPY and perhaps more especially, the GBP/JPY will play a part in any extension of that current USD/JPY range. The USD/JPY is currently trading at 149.24
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