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USD/JPY falls to new interim low underneath 157.38
The fall in the USD/JPY this morning has now extended further and a moment ago the dollar traded to a new interim low, underneath the low seen on July 15, at 157.38. The price action cannot be explained in terms of any news based catalyst, as was the case in the earlier update on the price action today. The move through 157.38 might have done just enough to trip some stops, but that is not exactly clear just yet. The USD/JPY is just now trading at 157.40
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