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Major Yen crosses reverse lower as USD/JPY slips below 154 again
Since the last update here on the major FX markets, the Yen crosses have fallen back. The EUR/JPY is dropping back closer to the 160 handle after rising close to 161.25 earlier today. The GBP/JPY is lower too and falling back towards 192 just now. Both those moves have been facilitated by a drop back in the GBP/USD and the EUR/USD in more recent trade. The USD/JPY is lower too and that has just now fallen back underneath the 154 handle again. However, this is most definitely being led by the cross rate dynamic. US stock futures are still in the red too and gains in Europe have certainly stalled. The USD/JPY is right now at 153.95
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