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USDJPY led by Risk and Yield

JPY

USDJPY test high of the session, and the Dollar is so far leading gains against the latter.

  • Risk on and higher yield is keeping the JPY offered versus the USD.
  • Desk noted broader base short covering of USD overnight and the Greenback is so far holding to some gains during our EU open
  • Next MNI tech resistance in the pair, comes at 103.45 20-day EMA

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