USD/JPY: The pair remained in a range play mode of 101.30-101.80. However, the fact that 101.20 was unable to break while Nikkei futures made new lows for the year o/n created some doubts about s-t USD/JPY downside. For now, the pair need to either break 101.20 or 102.20 for further confirmation, US stocks, Nikkei and Treasury yields still remain relatively heavy.
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