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USD/JPY drops to below 152 as US jobs report disappoints

The fall in the dollar following the lower than expected US non farm payroll count and the slight increase in the unemployment rate has been exactly the right kind of news that the USD/JPY required to push it to fresh interim lows. The USD/JPY has just now dropped below the 152 handle as the dollar runs out of friends across the board. Now some might think this an overreaction to the data, but this was quite a surprise to the markets and clearly one that was not widely expected. The USD/JPY has just hit a low underneath 151.90. It is currently trading at 152.10 
 

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