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USD/JPY pushing hard up on 148 again just now
Those US yields are rising further right now and that sees around a 4bp rise in the 10 Year note. Now I know you might think that is not much and in real terms it is not, but it is enough to move the markets these days. That has helped to propel the USD/JPY to test that 148 level once more a moment ago. However, it seems like there are still sellers around that level for the time being. So, it remains to be seen if these higher yields can push above the high seen yesterday at 148.05. It is just now trading at 147.98
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