The Japanese Yen (JPY) grinded lower for most of the day until the USD found some bids and rebounded above Y78. AUD/JPY was well supported on the strong inflation data whilst the EUR/JPY was the weakest cross falling under Y112 on risk aversion. Overall the USD/JPY traded with a low of 77.56 and a high of 78.19 before closing the day around 77.85 in the New York session.
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