The dollar has been trading mixed, slightly weaker against the euro, but firmer versus the yen and Canadian dollar. The mood has been risk-on, with oil prices remaining perky and stocks recouping after a heavy week. This backdrop saw the yen weaken, as per the usual inverse-correlative pattern. USD-JPY lifted to the 110.20 area, bringing yesterday's 110.38 peak back into view. The pair needs to close today above 107.70, which looks likely, to make this the first run of three consecutive up weeks since last August.
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