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USDJPY is pushing higher again this morning,....>

YEN
YEN: USDJPY is pushing higher again this morning, currently at 112.70, as a
global risk rally undermines the yen even as US yields have failed to rise in
recent sessions. 
- The correlation between USDJPY and US Tsys has broken down since the start of
this year with USDJPY's drop in Q1 coming, surprisingly, in the face of rising
US yields. Recent yen weakness is bringing USDJPY more closely in line with
where US Tsys suggest the yen should be trading.

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