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Yen Outperformance Continues

JPY

USD/JPY downside momentum continues. The pair touched a low of just under 132.40. We have stabilized somewhat, but remain 0.45% firmer for the session in yen terms. We aren't too far away from Dec 26 lows near 132.30. The rest of the G10 is fairly quiet, with yen continuing to outperform. AUD and NZD are away from worst levels though. Cross asset signals are little changed from earlier in the session.

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