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USD/JPY balks above 143 again
Yesterday the jump back above 143 seen the night before in the USD/JPY gave way to a fall back below the 142 handle. However, if you care to look at the chart of the price action you will see it held onto 141.50 after a few attempts to push it below there. The rebound that followed yesterday afternoon came as the dollar recovered after those US comments on China. That saw the USD/JPY jump back above 143.50 leading into the US close (143.45). The price action today has rather replicated what we saw yesterday, in that the dollar has fallen back below 143 leading into the European opening. The high seen earlier today was set at 143.46 and the low so far has been set at 142.60. To be honest the outlook seems to be in the balance right now in terms of the dollar and what was interesting (once again) is the lack of traction in the Nikkei 225 today, given that dollar rebound earlier. The USD/JPY is right now at 142.82
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