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USD/JPY edging lower again now after Japanese PM issues a warning on FX

Not that long ago the Japanese Prime Minister, Fumio Kishida came out and added his voice to the plethora of Japanese officials who have already jaw-boned about the weakness of the Yen. It is his comments that seemed to have stopped the USD/JPY dead in its tracks, from rising back above 151.50. The dollar is now tracking back towards 151.25 and that has afforded the EUR/USD some slack, off its earlier lows. The GBP/USD was already on the rebound anyway and the slight drop back in the USD/JPY has allowed the Pound to rebound a bit more, rising now above 1.2625. The USD/JPY is just now trading at 151.26

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