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Extending losses on the risk on tone

JPY

Risk on tone, following the uplifting PMIs, puts some pressure on JPY

  • The pound leads against the Yen in G10, up half a percent.
  • Initial target here, comes at Thursday 's high, 152.40.
  • USDJPY test MNI tech 109.64 61.8% retracement of the Mar 31 - Apr 23 sell-off.
  • Further upside traction opens to 109.96 High Apr 9 next.

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