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USD/JPY lifts above 150 again this morning

The fall in the USD/JPY yesterday, to a low at 148.65 has been reversed today. The dollar has rebounded to 150.17 a little earlier. It was on the rebound yesterday evening anyway and had closed in the US at 149.60. Rather unsurprisingly, that rebound comes with a similar move in US treasury yields, back to 4.23% in the 10 year note this morning. It also takes place as Japanese stocks ignore the losses in the Korean markets today. That said, the Nikkei 225 is not much in the green this morning. Technically there is a minor resistance level in place at 150.19, which so far appears to have capped the rebound in the dollar. After that comes the high see yesterday, at 150.23. There are also some quite important US data releases later today, which might help decide, whether this rebound has more legs, or not. There will be more to add on those later this morning. Meanwhile, the USD/JPY is currently trading at 150.02

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