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USD/JPY steadies around 147 so far today

The dollar more generally is still very much on the front foot so far this morning. The EUR/USD is camped below 1.08, with the GBP/USD hovering at, or below the 1.26 handle. The USD/JPY is off its earlier highs though. The USD/JPY managed to repeatedly reject a drop below 146.50 yesterday after being tested a few times there. The USD/JPY later closed in the US at 147.15. Hence, right on that level which seems to keep coming back into play. Earlier today the dollar lifted to a session high at 147.40, but is has backed off since then and briefly dipped below 147 this morning. That price action looks linked to another relapse in the EUR/JPY and GBP/JPY, both of which have lost ground overall so far today. US treasury yields are not advancing yet today, but then again neither are their Japanese equivalents either. The USD/JPY is currently trading at 147.03
 

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