The dollar rebound, yen correction has persisted today after taking root yesterday. EUR-USD now looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1483, down from yesterday's nine-month peak at 1.1616. The buck is also up on sterling, the Canadian and Australian dollars, and most other currencies. USD-JPY has logged a peak a 107.47 after basing yesterday at an 18-day month low of 105.55. The pair has since settled in the low 107s.
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