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USD/JPY edges lower so far today
Yesterday the rebound in the USD/JPY from an earlier session low at 158.75 saw the dollar make it back to around 159.75. The dollar later closed in the US at 159.62. The price action so far today has seen the USD/JPY edge backwards, hitting a session low earlier at 159.19. There are still no clues as to who bashed the dollar back down yesterday morning, but clearly the market is a little wary of the BOJ at levels close to 160. US Treasury yields are a smidge lower this morning, but in real terms not much changed from where they were yesterday. The USD/JPY is currently trading at 159.42
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