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USD/JPY rebounds with the Nikkei and lifts back above 147
The rebound back above 38k today in the Nikkei 225 has rather unsurprisingly helped the USD/JPY to rebound and also lifted all the major Yen crosses again too. The USD/JPY slid back to a low at 145.18 yesterday and closed in the US last night at 146.59. The further rebound today has seen the dollar reach a session high at 147.35. It is off that high just now, but the rebound is once again a clear demonstration of the fluidity of the price action again this week. The low seen earlier today was set at 145.85 right at the start of the Asian session. So, as you can see there is plenty of elasticity in this pair again today. The USD/JPY is currently trading at 147.15
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