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USD/JPY lifts above 161.50 again
Yesterday the USD/JPY rejected a move above 161.50 and subsequently dropped back towards 161.25. The dollar later posted a US close at 161.33. Earlier today the dollar based out at 161.26 and has lifted to 161.59 so far this morning. The move higher comes amid gains in the EUR/JPY and the GBP/JPY, despite the GBP/USD and EUR/USD edging back from earlier session highs. The current 38 year high set last week, at 161.95 remains intact, but hat price point is clearly the next hurdle on the topside today. The USD/JPY is just now trading at 161.51
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