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USD/JPY back above 149 again-closing in on recent highs as US yields rise
The dollar is overmuch still on the front foot this afternoon and in the past hour the USD/JPY has reclaimed the 149 handle and very close to the high seen on Monday, when it topped out at 149.13 that day. The USD/JPY has just now hit a session high at 149.10. Of course there is potential for an extension above 149.13, but we shall have to see on that. The driver for this is a continued push higher in US yields today. That has dented gold again too and as you can see both trades are once again linked at the hip. The USD/JPY is currently trading at 149.04
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