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USD/JPY pressing higher so far today
The USD/JPY is edging higher this morning. Yesterday the USD/JPY rejected a move below the 149 handle despite quite a few attempts to push the dollar below that level earlier in the day. The dollar later lifted to a high around 149.80 ahead of the US close, before ending that session at 149.64. Earlier today the dollar fell back to a low at 149.25, but it has been on the rebound again since, reaching a high so far at 149.66. So, for the time being it looks like 149-150 would seem to cover it for now. The US data later today could have an impact, but as noted here yesterday, right now the Pound and the Euro seem to have more interest. That was the case yesterday and with the ECB policy decision in the spotlight later, it could be the same again today. The USD/JPY is just now trading at 149.60
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