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USD/JPY falls towards 143.50

The noted fall in the USD/JPY this morning has paved the way for further more widespread dollar weakness, as covered here when looking at the price action in the EUR/USD and more recently in the GBP/USD. Of course that has gotten a further boost from the even higher than expected UK inflation data released a short while ago. So, the USD/JPY fell back towards 144 yesterday evening and later closed in the US at 144.51, after rebounding off the session lows. The price action so far today has seen the dollar fall very close to 143.50. The earlier session high was set at  144.61. The low seen so far today has been set at 143.53. Right now it looks like any decent rebound will be met with sellers. The USD/JPY is right now at 143.62

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