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JPY Trims Losses Amid Demand Into Tokyo Fix

YEN

JPY has trimmed losses after a light round of purchases into the Tokyo fix. As a reminder, we are nearing the end of the month, quarter and Japanese half-FY.

  • AUD/JPY has just given away a handful of pips and trades +9 pips at Y74.70, off its earlier session high of Y74.83.
  • USD/JPY sits -10 pips at Y105.40 at typing, with USD still underperforming all of its G10 peers. A leg lower into the fix took it to a fresh session low of Y105.34.
  • Familiar technical levels remain in play.

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