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USD/JPY extends gains closer to 150 again
Since before the European stock markets kicked off the new week, the USD/JPY has been on the rebound and that rise has now seen the dollar edge back towards the 150 handle again. The move higher in the USD/JPY has helped to push both the GBP/USD and EUR/USD a little lower, notwithstanding corresponding gains in the EUR/JPY and GBP/JPY at the same time. The USD/JPY just now reached a session high at 149.90. Last week we saw Japanese officials attempting to talk their currency higher, when the USD/JPY lifted above the 150 handle. Perhaps we might expect more of the same, if the dollar was to recover further and reclaim levels above 150 once more. The USD/JPY is currently trading at 149.89
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