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USD/JPY rebounds as wider dollar dollar rallies ahead of more US data releases

The dollar has just made something of a limited rebound versus its major counterparts. The EUR/USD has dropped back from an earlier high at 1.0668, closer to the 50 day moving average again and the USD/JPY has rebounded from an earlier session low at 149.85. At the same time the GBP/USD has fallen back to below where it was before the BOE decided to do nothing with its monetary policy. The upshot of all these moves has helped the USD index (USDX) to recover and the USD/JPY seems to be leading the way in that respect, as it rebounds back above 150.30. The USD/JPY is just now trading at 150.32 ahead of another batch of US data, due out at 2pm GMT 

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