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Home » Yen » USD/JPY gains as European equity rise after open bell.

USD/JPY gains as European equity rise after open bell.

The major European equity index futures are pointing to a positive start, despite losses in oil. Consequently, the carry unwind appears to have come to a halt. Hence, the USD/JPY pair recovered from the daily low of 111.63 to trade just above 112.00 handle.
Ahead of the US data, the pair remains at the mercy of the oil prices moves and the resulting impact on the equities.

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