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USD/JPY rises above 143
Since an earlier update here noted the price action in the USD/JPY, the dollar has now lifted further and just a moment ago it pushed above the 143 handle for the first time since Monday. The move higher looks to stem from a technical break above the highs seen yesterday, when it topped out at 142.75. The move higher in the USD/JPY has taken both the EUR/JPY and the GBP/JPY higher with it. The move higher also comes despite no material gain in US yields. So, it could be due to a month end fixing order linked for the 11am fix, but there is no confirmation of that here. It might also have been helped by the move lower earlier in Gold. The USD/JPY is right now at 143.01
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