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USD/JPY pressing towards session highs
As the European morning unfolds and the dollar remains pretty solid, the GBP/USD has already given up on any inflation led attempts to push above 1.2725. The EUR/USD is right now camped below the 1.05 handle again (still very pivotal around that level) and the Yen has weakened just now. Hence, the USD/JPY is lifting towards session highs, as the update is typed. As noted here earlier, the Asian high was set at 153.79 and the current price is edging towards that. The dollar might extend beyond 153.79 if it gets taken out, but that is not certain at this stage. The USD/JPY is currently trading at 153.70
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