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USD/JPY edges back towards 152
As you know, yesterday the USD/JPY came pretty close to another major correction level at 153.40 (that was 61.8% of the 161.95-139.58 fall). In the event the dollar stalled just short of reaching that when it peaked at 153.19. It later lost ground into the US close, ending that session at 152.76. Today it has fallen back further, reaching a session low right now at 152.16. The move lower today comes as those US yields edge off the highs seen yesterday and that has helped to push the dollar back down. The high seen earlier today was set at 152.83. The USD/JPY is trading right now at 152.19
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