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USD/JPY off the highs leading into the US PMI data
An earlier update here on the Dollar also touched on the USD/JPY as it approached the 148 handle. Well, subsequent to that update the dollar did just top that level. However, the question was asked back then; has it done enough? Well, the answer is yes, for the time being above 148 it sure had. So, since then the USD/JPY has been tracking lower and dropped back towards 147.25. The US PMI data could have an impact shortly, depending on what that reveals. The low seen since the high at 148.03 has been set at 147.31. It is currently trading at 147.32
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