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USD/JPY slips further as yields ease
Since the last update here on the USD/JPY, the dollar has fallen back below 156 and below 155.75. The move lower in the dollar has taken the major Yen crosses lower with it, most notably just now that is the GBP/JPY, as the GBP/USD slips back. The USD/JPY has just now hit a session low at 155.68 and it is not far above that low right now. The reason for this further fall in the dollar looks based around the slight accompanying fall in US yields over the past hour. The reader was urged to keep a close eye on those yields yesterday and that message rings loud and clear again today. The USD/JPY is currently trading at 155.70
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