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USD/JPY on the rebound above 153 again as US yields hit session highs
The USD/JPY is just now rebounding close to 153.25 after the 4pm London fix. The rebound comes as both the GBP/USD and EUR/USD edge back from earlier session highs. Earlier the GBP/USD did manage to print a trade above 1.30, but only just with the high set at 1.3001. It has since tracked back towards 1.2975. The move higher in the USD/JPY comes as the US treasury yields hit fresh session highs. The US 10 Year yield has hit a high at 4.298% a short while ago and that has been the driving force behind the rebound in the USD/JPY, from an earlier European session low at 152.42, to a high just now at 153.25. It is just now trading at 153.21
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