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USD/JPY rebound stalls ahead of 146
It was pretty much one-way traffic for the USD/JPY yesterday. If you look at a chart of the price action you will see that it rose consistently and steadily throughout the session and that led the dollar above 145.50 by the time of the US close, from an earlier low at 142.85. The USD/JPY reached 145.73 and closed in the US at 145.39. Earlier this morning it pushed higher again and that saw it reach 145.92, but it has backed away from there on profit-taking since then. Naturally, a degree of caution is surely in play ahead of the US jobs report this afternoon. The dollar has since dropped back to 145.15. It is currently trading at 145.24
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