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Home / JPY / USD/JPY bounces at 109.00 level, but still well in the red on the day

USD/JPY bounces at 109.00 level, but still well in the red on the day

Posted by: JPY Editor in JPY 15 days ago

USD/JPY dropped sharply from Asia Pacific levels around 109.75 to lows around 109.00 before recovering to closer to 109.25. A tightening US/Japan rate spread has put downwards pressure on the pair.
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