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USD/JPY jumps towards 110.00 on solid USD recovery

From fxstreet.com

The buying pressure in the US dollar pushes USD/JPY on the higher side on Friday morning. The pair rebounds from the low of 109.21 touched in the US session and remains in the process to end the week on a higher note. At the time of writing, USD/JPY is trading at 109.79, down 0.01% for the day. The US Dollar Index (DXY), which tracks the performance of the buck against the basket of six major currencies trades a tad lower after hitting its two weeks high near 92.90 on Thursday. The US benchmark 10-year Treasury yields rose 3.2 basis points to 1.33% following higher-than-expected August’s US Retail sales data. The US ... (full story)

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  • Category: Technical Analysis