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USD/JPY continues to press higher as US yields rise

Those US yields are still not backing off and in fact are right now a little higher. The 10 year note is now nudging 4.53% and that has supported the rebound in the USD/JPY. As covered here earlier, it was the further Trump comments regarding tariffs which caused the wobble and pushed the USD/JPY back towards 151.50. Well, it has long since rebuffed that move and has just now hit a fresh session high above 152.35. That in turn has further underpinned a corresponding recovery in the major Yen crosses, with focus here earlier on the rebound in the EUR/JPY. The USD/JPY is currently trading at 152.37
 

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