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USD/JPY extending its losses today: Under 147.10 hit
We haven't heard much out of Japan today: • Japan Machinery orders for June 2024: 2.1% m/m (expected +1.1%). • Japan's LDP will hold its leadership election on September 27. The USD has weakened across the major FX board, but its against JPY that is most notable. On Friday USD/JPY fell towards 147.50. After trading above 148.00 in early Asia USD/JPY has now extended its down draft to lows just above 147.00. .. There is no obvious smoking gun, apart from the continuation of the downtrend since 149. chart