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USD/JPY ignores BOJ Governor comments

Earlier today an update here noted how the Bank of Japan governor, Kazuo Ueda was talking on the wires. Well, it seems his comments regarding the possible need to adjust monetary policy in order to combat the weak Yen has largely fallen on deaf ears so far. Indeed, the USD/JPY has not really backed off much at all yet today and just now it is close to session highs (155.68), currently trading at 155.63. The simple reason for that would seem to rest with the fact that US yields are higher still ahead of a whole load of bond issuance from the US government today

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