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USD/JPY slides towards 145 again
On Friday the USD/JPY reached a high at 149.35 very early in the Asian session. That was the extent of it though ahead of the weekend and the dollar dropped back as the day unfolded. That later resulted in a daily and weekly close at 147.63. A brief rise back above 148 much earlier this morning has now given way to a slide that has forced the dollar closer to 145. The fall has now extended to below the low seen on August 8. The low seen so far has just been set at 145.38. The move lower in the USD/JPY has carried all the major Yen crosses lower with it, notwithstanding corresponding gains in the likes of the EUR/USD and the GBP/USD. The trouble is those gains have not kept pace with the slide in the USD/JPY so far this morning. The USD/JPY is currently trading at 145.48
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