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USD/JPY extends gains above 153 as US yields remain elevated
Since the last update here, the USD/JPY has advanced further and reached a new session high so far, at 153.20. The further push comes as US yields so far refuse to back off and that has supported the dollar. Gold has fallen back further as a result, but more on that in the very next update. The rise above the 200 day moving average and close well above there last night has added further momentum to the USD/JPY. That 200 day moving average is still rising and in place this morning, at 152.07. The next technical level for the USD/JPY is now at 153.23 from the high seen on November 27. It remains to be seen if that will cap this current rebound. The USD/JPY is right now at 153.16
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