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Yen Rebounds Into Tokyo Fix

JPY

Yen volatility remains the main focus point in the G10 space, with a +60pip range for the session so far.

  • Demand for yen has been apparent heading into the Tokyo fix. USD/JPY reached an earlier high of 132.22, but we now sit back at 131.60/65, close to fresh lows for the session. There don't appear to be any fresh headline catalysts for the latest round of yen strength.

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