Dollar/yen little rebound for the first time in three business days, with no fresh catalysts.
【7/8Market Overview
Tokyo time, USD/JPY fell to160.26yen and then recovered to around160.70yen. In European time, USD/JPY rose in a steady advance to161.12yen. After that, amid falling U.S. 10-year yields, it slipped to around the160yen level. During New York time, with no fresh catalysts, USD/JPY traded in the upper 160s and160yen; it showed a small rebound for the first time in three3prescribed business days.
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