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USD/JPY tests 150 as US yields slip ahead of US stock market opening

The US stock markets will reopen any minute and it is going to be lower opening on Wall Street this afternoon. The Nasdaq 100 futures are still leading the way in that respect. Elsewhere we have seen some pretty volatile price action in Gold. Since reaching a new all time (as covered in the last update) the metal fell back by around $20, but it is edging higher again just now and that rebound off the most recent lows comes as the USD/JPY falls back further to test the 150 handle as I write. The move has also helped to push gold higher again. Both moves are predicated on US yields, which have fallen back quite some way in recent trade. The USD/JPY will be front and centre when it comes to price action after that important ISM index hits the screens at 3pm GMT. The USD/JPY is just now trading at 150.00 

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