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USD/JPY extends Trump inspired gains towards 154.50
The dollar is still making progress right now this afternoon. The EUR/USD has fallen below the 1.0700 handle and reached a session low so far at 1.0683. At this point the reader is reminded of the current 2024 low, at 1.0601. The move lower in the Euro has once again taken its lead from the USD/JPY and that is still being supported by the push higher in US yields today. The 10 year treasury yield is right now at 4.45%, which is not far off the highs of the day so far. So, that has helped to push the USD/JPY towards 154.50 now. The high seen so far has been set at 154.46. It is currently trading at 154.33
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