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USD/JPY takes out 200 day moving average at 152
The push higher in the USD/JPY today has now extended above the noted 200 day moving average, in place at 152.00. The reason is simple- US yields have risen a bit more and the dollar more generally has gained more ground. The EUR/USD has traded below 1.0500 now this afternoon, but the catalyst for that was the break above 152 in the USD/JPY. The high seen so far has been set at 152.17. As per earlier, the move higher in the USD/JPY and US yields has not dented Gold at all. In fact that is now higher and not long ago traded above $2,690 per ounce. The USD/JPY is currently trading at 152.15
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