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USD/JPY: en route to test yearly highs
The USD/JPY pair traded as high as 112.61, a level last since early January, as the better market mood added to the bullish momentum of the pair after it broke above 112.00 on Wednesday. Stocks were up worldwide on ebbing trade war concerns, and a recovery in US Treasury yields, helped by the country's inflation that posted its biggest annual gain since February 2019, also underpinned the rally. During the upcoming Asian session, Japan will release Capacity Utilization and Industrial Production figures for May, with the first since declining 1.2% and the second rising 6.0% annually. The upward momentum eased, but the ... (full story)