The Japanese Yen (JPY) the Yen remained favored and the USD/JPY remained pressured testing Y78 but holding and closing slightly higher off the level. AUD/JPY and EUR/JPY are struggling while the USD/JPY remains under pressure but stock markets will direct the majority of the movement. Overall the USD/JPY traded with a low of 78.04 and a high of 78.56 before closing the day around 78.20 in the New York session.
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