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USD/JPY edging back towards 160 again ahead of US PPI release
Since earlier this morning, when we reported another slide in the USD/JPY, when it fell back sharply from above 160 again, replicating what it did late yesterday afternoon, the dollar has been slowly edging higher again. Earlier today the USD/JPY peaked at 160.19. The sudden fall took it back as low as 159.65.
It has not quite managed to reclaim the 160 handle once more, but it is close just now. So, the question comes back to the fore again; if it does, will it suffer another relapse? We shall have to see on that and then how it might react to the US PPI data at 1.30pm GMT. The USD/JPY is right now at 159.97
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