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GBP/JPY rebounds from 149.00, first gain in a week
The pound is rising against the yen for the first time in a week. While the pound remained steady, the Japanese yen lost momentum during the American session after the release of upbeat US economic data. US reports sent US bonds lower (higher yields) weakening the demand of the yen and also offering support for a US dollar recovery. The Dollar Index dropped to 93.05 and then rose back to 93.25. GBP/JPY finds support around 149.00 The pair bottomed earlier today at 149.02, the lowest level since September 15. Then, boosted by the slide of the yen, broke above 149.50 and moved toward 150.00. It printed a fresh daily ... (full story)