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USDJPY Trading at 10 Weeks High

USDJPY

USDJPY is trading at 10 weeks high as bond yields are the focus of the day.

US stock Market is trading at mix feelings and the good earnings are not really enough to push to a convince long move. Tensions at Asia has eased out us at a Risk Off scenario with a less demand of Japanese Yen witch is taken as a safe heaven on market uncertainty.

As we speak the trend is bullish and should continue for the week ahead, CPI and interest Rate data release late this week should confirm.


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