FLreports

NEWS: Yen pairs begin to follow yields higher on the day August 16, 2019 at 10:15AM

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USD/JPY rises to a session high of 106.43
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The move higher comes amid an extra bid in the pound and I would argue that GBP/JPY is leading the move here. Of note, USD/JPY is now moving back up towards a potential test of the 38.2 retracement level @ 106.68, which stalled the secondary spike yesterday.

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