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USD/JPY sets fresh session lows as European stocks fall further
Following on from the previous update, the European stock markets have now fallen further and the DAX has now dropped below the low point seen yesterday. There is a clear move to risk-off drive unfolding right now and that has lifted Gold to above $2,670 as I type. It has also pushed the Yen and the dollar higher. So the Dollar versus Europe is rising and the dollar versus the Yen is falling and just now hit a fresh session low underneath 154.50. The impact of that has of course hit the likes of the EUR/JPY and GBP/JPY, both of which are falling back at the same time too. The USD/JPY is right now at 154.51
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