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USD/JPY trades with modest intraday losses, manages to hold above 151.00 mark
The USD/JPY pair struggles to capitalize on the previous day's rally of around 140 pips from the 150.00 psychological mark, or over a one-week low and edges lower during the Asian session on Thursday. Spot prices currently trade around the 151.15 area, down nearly 0.15% for the day, though any meaningful downfall seems elusive. The US Dollar (USD) looks to build on the overnight recovery move from its lowest since September 1 amid the uncertainty over the Federal Reserve's (Fed) next policy move, which, in turn, should act as a tailwind for the USD/JPY pair. The softer US CPI report released on Tuesday showed that ... (full story)
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