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USD/JPY volatility rises as Dollar rebounds again

Following the pretty wild swings across the markets after the US CPI report, I did say to brace yourselves for some volatile price action in the Yen and the Yen crosses and since that update, the USD/JPY has fallen to a low at 147.05, from an immediate post CPI high at 148.12. Well it has now lifted again and rising back above 147.85 as I write. This is pushing the likes of the GBP/JPY and EUR/JPY all over the place. One thing is certain though and that is plenty of price action and opportunity for you to partake in. The US equity futures have now turned lower again too and so, as I said it is far from certain that we get a higher cash opening now this afternoon. The USD/JPY is now approaching the 148 handle again and that is pushing gold all the way back down to fresh session lows underneath $2,160. I did say the fall in the USD/JPY on the back of this CPI data seemed rather odd. Well, it looks like it was even more so now. The USD/JPY is currently trading at 147.87 

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