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USD/JPY: bullish breakout aims to 113.38
The USD/JPY finally found some interest and broke higher, reaching a fresh high since last January at 112.90 and trading not far below the level. The greenback enjoyed from a renewed demand following Fed's Powell positive outlook of the economy, and the confident stance on inflation before a Senate special committee. Meanwhile, equities trade in the green, although there are no fireworks there, while US Treasury yields hold steady around their weekly highs, with the 10-year note yield at 2.86%. There won't be macroeconomic releases in Japan this Wednesday. The pair broke the small pennant that contained the price for ... (full story)