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USD/JPY lifts again as MOF confirms inaction

The latest report from the Japanese Ministry of Finance (MOF) has just been released and it confirms the MOF were not active in the FX markets over the past month. The MOF have just confirmed that they did not intervene in the USD/JPY between the end of December and Monday this week. This news delivered an immediate spike higher in the USD/JPY. Prior to that the dollar has been drifting back down towards 147.40. It has just spiked to 147.80 and is currently trading at 147.75 

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