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Rate Rises Higher Still

JPY

No let up in USDJPY in recent trade, USD/JPY still climbing and making a test on 104.50 at typing. USD strength pervades in recent trade following the multi-year high in the November US PMI numbers. Equities have stabilised somewhat, with the e-mini S&P now higher by 17 points or so on the session.

This coincides with the 20-day EMA that also crosses at that mark - and a break above opens Nov13 highs of 105.16.

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