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USD/JPY accelerates and climbs to fresh 8-month highs

FXStreet (Córdoba) - The US dollar gained momentum during the American session in the forex and rose further versus European currencies and printed a fresh 8-month high against the Yen. Earlier USD/JPY dropped to 104.75 but rebounded, rose back above 105.00 and continued to rise.

Recently peaked at 105.36, just a few pips above yesterday's highs, reaching levels not seen since January 2014. Price remained near the highs ahead of the key US employment report to be released on Friday.

US government bonds yields were rising, boosting the USD/JPY and also weakening the Japanese currency across the board. The AUD/JPY was trading at the highest level in more than a year above 98.50 while the CAD/JPY reached 97.00, for the first time since January.

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