The yen has been the strongest currency on the day, outperforming what seems to be the only other safe haven in town, the euro. USD-JPY breached July lows in making a low of 120.24, the lowest level seen since May-19. The pair shed nearly 1.5%, and is off by over 3% over the last three trading days. EUR-JPY, meanwhile, declined over 50 pips on the day despite marked euro outperformance elsewhere.
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