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USD/JPY hits fresh lows

FXStreet (Córdoba) - The yen gained momentum during the second half of trading in New York as US government bond yields plunged. USD/JPY found resistance below 108.40 and bounced back toward 108.00, reaching a fresh daily low at 108.06.

The pair remains under pressure, trading slightly above the key 108.00. A break below would take the price to levels not seen since mid September.

The japanese currency is the best performer in the currency market so far on Tuesday, amid risk aversion. USD/JPY is falling for the second day in a row accumulating a decline of more than 160 pips since the beginning of the current week.

United States Consumer Credit Change came in at $13.52B, below expectations ($20B) in August

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EUR/CAD rising up tot challenge bearish trend

EUR/CAD is trading at 1.4155, up 0.48% on the day, having posted a daily high at 1.4159 and low at 1.4053.
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