The Japanese Yen (JPY) the USD/JPY rally continued with the rejection of sub Y78 levels leading to another move to the topside this time up to Y78.90 highs. The market has since fallen back but the bears are caught on the wrong side in the last 2 days. The Yen and the Dollar are fighting for weakest currency at the moment and the Yen is winning as the EUR/JPY soars and GBP/JPY supports.
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