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USD/JPY reclaims the 149 handle again as US PPI report awaits
A little earlier this afternoon the USD/JPY pushed its way above the 149 handle once more. The dollar reached a session highs so far at 149.14. It has just backed off from that high right now and that is surely due to the proximity of the US PPI report at 12.30pm GMT. The markets are expecting slightly lower readings on both the monthly count and the annualised reading for this of about 0.1% below the previous estimates. A report on that will follow once the data is released. As noted here earlier, the USD/JPY will be front and centre of any FX market reaction to that data. The USD/JPY is currently trading at 149.03
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