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Where would USD/JPY be if US yields weren't near their lows? - FXBeat

FXStreet (Łódź) - Jamie Coleman, Editor at FXBeat, remarks that USD/JPY has broken above 103.00 today, ahead of the release of the minutes from the last FOMC monetary policy meeting.

Key quotes

"103.40 is next resistance on the way to 104.10 highs posted in early April."

"The 102.90/103.10 area should act as good support on pullbacks near-term."

USD/JPY finds resistance at 103.40

Extending gans into a third consecutive day, the USD/JPY broke above 103.00 and printed fresh 4-month highs amid broad dollar strength ahead of the FOMC minutes.
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USD/CAD extends the correction to 1.0940

The impetus around the greenback seems to be fading now, with the USD/CAD returning to the 1.0950/40 band...
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