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USDJPY Extending Gains Above 155.00 Underpinned By Higher Core Yields

JPY
  • After consolidating for much of the session back above 155.00, USDJPY has recently popped once more to trade to a fresh high of 155.34. Higher core yields continue to underpin the strength for the pair. Earlier we noted 155.29 as the first initial target, a Fibo projection.
  • Above here, there is nothing on the technical front until 156.00 and 156.47. The usual caution regarding both verbal and actual intervention will continue to be in focus as we approach Friday's Bank of Japan decision.

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