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USD/JPY extends rebound to above 150.50
The rebound in the USD/JPY has now extended further and as you might see, the push above the high seen yesterday, around 150.23 has delivered an upside extension. The dollar has just now lifted above 150.50. That further gain has also lifted the likes of the EUR/JPY and the GBP/JPY, as both further recover the losses incurred yesterday. The higher opening for the European stock markets has helped this dynamic too. The GBP/JPY has now bounced above 191 a short while ago, further underpinning that dynamic. Also to note that US yields are higher again. The 10 year note is now around 4.25% and that is key driver behind this further Yen weakness. The USD/JPY is currently trading at 150.47
Market News
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