USD/JPY keeps on the defensive amid lower yields

USD/JPY down 0.2% at 109.75 The low today hit 109.72 and that nears a test of daily support from the 21 June low @ 109.71. That will be a key level to watch ahead of the close before the 50.0 retracement level @ 109.57 comes into play again - as we saw last week.

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