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USD/JPY waiting for US data this afternoon

As noted here earlier today, the USD/JPY is still holding inside the range noted here a few times already, in between 151.00 and 151.50. The USD/JPY closed on Friday at 151.35, which was its highest monthly close since 1990. The range seen so far today has been covered by 151.23 to 151.43. The important US ISM data today is something that could break that range, whilst the PCE data on Friday did not. As also mentioned here last week, weaker than expected US data might have more of a downside impact, given we know the markets are extremely wary of taking the USD/JPY above 152 for fear of rousing the BOJ into action up there. So, with that in mind further updates this morning will look at what is expected from that ISM data later today (3pm GMT). Meantime, the USD/JPY is treading water again for the time being. The USD/JPY is currently trading at 151.35 

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