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USD/JPY stalls above 145 today with Japanese markets closed for Golden week holidays

The Japanese Golden week draws to a close later this week, but the markets there are closed today and tomorrow. That has delivered very little price action in the Nikkei 225 futures and hence no lead from that direction for the USD/JPY. The dollar had closed on Friday in the US at 144.96 and earlier this morning it just managed to print a high at exactly 145 before turning lower. The fall saw the USD/JPY drop back to 143.97 earlier this morning. It has since rebounded off that low and lifted above 144.40 not that long ago. At 2pm GMT today we get some important US data, which means the USD/JPY will be in focus here later on. There will be more to add on that data shortly, when looking at the Dollar index (USDX). The USD/JPY is right now at 144.34
 

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