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USD/JPY close to 2024 highs as US yields rise

The noted rebound in US yields this morning has played out with further gains in the dollar, as just mentioned in the previous update. The pair leading these dollar gains is not so clear cut as they are pretty consistent. However, of course the USD/JPY is usually the most sensitive to any shift in US yields and the dollar has lifted above 146 again today. The synthetic US close last night was set at 145.73. The dollar has just lifted to a session high at 146.27 a moment ago. That means it has rebounded pretty close to the current 2024 high reached on January 11, at 146.41. That is obviously the next level on the radar for the dollar here this morning. The USD/JPY is currently trading at 146.19
 

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