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USD leads versus JPY in G10s

JPY

USD stays underpinned, but still within ranges in early trading.

  • The Greenback leads against the JPY, up 0.33%, on higher US yields, although the latter in 10yr is still just short of yesterday high at 1.6556% (1.6504% today).
  • USDJPY initial resistance is seen at 109.23 50.0% retracement of the Mar 31 - Apr 23 sell-off.

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