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USD/JPY extends gains above 152.50
The upside pressure on the USD/JPY has just now delivered a fresh session high just above 152.70. As noted earlier, this is all due to the higher US treasury yields this morning and most notably in the 10 year note, which is still close to 4.25% today. The push above 152.50 probably will not please the Bank of Japan much, but so far this morning there has been a lack of rhetoric from them. That is not to rule that out at some stage though. To remind the reader of that next technical level above 153 itself; that is at 153.40. The USD/JPY is right now trading at 152.71
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