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USD/JPY finds some traction as it lifts to session highs towards 147.50

The rebound in the dollar this morning was leaving the USD/JPY behind somewhat and that seemed mostly about profit-taking in the EUR/JPY and to a lesser degree in the GBP/JPY. Well that has now shifted slightly, as both those cross rates come off earlier lows. The driver for that is the USD/JPY rebounding to session highs as I write. The USD/JPY had fallen back to a low at 146.85 earlier today. It is just now rising to fresh session highs above 147.40, reaching 147.46 so far. The rebound comes as US treasury yields remain pretty steady now and certainly no lower than earlier. The USD/JPY is currently trading at 147.42
 

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