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USD/JPY falls to session lows near 148 as US yields slip

The USD/JPY has just now fallen back to post a new session low a few moments ago at 148.02. The catalyst for the move appears to come from another modest drop back in US yields. We are only talking about a few basis points here, but it has been enough to force all the robots into exiting USD/JPY longs and with that we have seen losses in the major Yen crosses too. The USD/JPY is just now trading at 148.04
 

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