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USD/JPY Downside Bias In Early Tuesday Trade

JPY

Early USD/JPY momentum is skewed to the downside in Tuesday trade. The pair last in the 147.25/30 region, very close to NY Monday session lows (147.26 per BBG).

  • Earlier we had mixed Japan Dec jobs data, with the unemployment rate ticking down, but jobs growth was weaker.
  • Cross asset sentiment is relatively steady. US yields close to unchanged, likewise for US equity futures.
  • Recall Jan 24 lows sat back at 146.66.

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