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USD/JPY finally makes it above 146 as EUR/USD hits fresh interim low
Perhaps, you the reader might remember an update a couple of days back, which mentioned a large European player advocating buying the USD/JPY around 143.75, looking for a move back above 146. Well, as you can see, barring a relapse back underneath 143 yesterday, those guys were right, because just now the USD/JPY rose above 146.25. The further gains come as US equity markets steady and the dollar more widely speaking advances further. The EUR/USD has now taken out the low seen yesterday and 1.1046 and hence another step closer to the 1.10 handle. This was a level noted as very much on the radar a little earlier this afternoon. It is worth noting the high in the USD/JPY this afternoon was set right on the 4pm London fix
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