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USD/JPY hovers around 134.30s as traders eye Japanese and US PMIs, US housing data
The USD/JPY fluctuated in Monday’s session as US financial markets remained closed during President’s Day. US equity futures are negative, except for the Dow Jones Industrial Average. The US Dollar continued to trend lower, while US Treasury bond yields capped the USD/JPY fall. The USD/JPY is trading at 134.23, above its opening price by 0.07%. After reclaiming the 50-day Exponential Moving Average (EMA) at 132.73, the USD/JPY enjoyed a rally that peaked at around 135.11. Bull’s failure to hold gains above the latter exacerbated a fall to the 134.20s area, mainly driven by the fall in the US 10-year benchmark ... (full story)
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