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USD/JPY hits European session low underneath 150 as EUR/JPY falls again
The US stock markets will very shortly reopen for the first live session of the final month of the year. Just ahead of this the USD/JPY has taken a hit below the 150 handle. The dollar has just dipped to a new European session low at 149.83. The rather odd thing about that move; is it comes even as US yields are unchanged and the EUR/USD and GBP/USD are not far off session lows too. Also there is now risk-off element to account for this, as we are looking at a higher opening for US stocks. That said, European stocks are off their highs now, but in terms of the Yen that is very rarely a driver. So the assumption here is; this is all about the EUR/JPY and little else at this stage. The EUR/JPY just hit a fresh interim low, at 157.40 and that is the clear driver behind the USD/JPY move
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