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The Japanese yen has gained slightly during the trading session on Wednesday after the Federal Reserve reiterated its determination to liquefy the markets.
Dollar weakness continues to be felt across FX markets, bolstering EUR/USD and GBP/USD but keeping USD/JPY on the back foot.
It is another day of gains for the euro and sterling against the dollar, while USD/JPY has hit vital support as it continues to fall.
The US dollar has gone back and forth on Wednesday, as we continue to dance around the ¥105 level. This is a market that is testing a major level.
USD/JPY extends latest recovery despite upbeat Japanese Retail Trade data. Japan’s Retail Trade beat expectations in June, risk-off also in play. US Fed keeps further easing on the table, fiscal ...