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USD/JPY off to the races as it runs stops to 107.60
Not sure what’s driving the move as only just sat down, but there”s plenty of yen selling going on with both the dollar and the crosses all jumping. USD/JPY flushed stops through 107.50/55. The numbers out of Europe this morning were mildly positive so maybe we’re seeing a move to risk, US 10′s are up to 2.24% from a low of 2.12% which might also be supporting the buck. European stocks are just off their highs and the Nikkei is running up too. USD/JPY faces resistance up between 107.70 and 107.85