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USD/JPY rebounds from a look below 152 as US yields steady

Earlier today the USD/JPY fell back further after setting a weak close in the US last night, at 152.61. Earlier in the day it had come close to falling below the 152 handle but had avoided that. Well, it did not avoid it earlier today. The dollar fell to lowest level of the year to date, when it dropped to 151.82. It has rebounded off that low now though. The real kicker for the USD/JPY yesterday was the more than 0.10% slide in US yields.That saw the 10 year note touch 4.40% and that was fillip for the Yen, as much as it was for Gold, but more on the metal a little later this morning That 10 year yield is right now at 4.43%. Since rebounding off the lows, the USD/JPY has traded back above 152.50. It is currently trading at 152.46

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