USD/JPY Breaks the June Bullish Trend Despite Continued Inflation Lag

It was a week of pullback for USD/JPY, as the Yen caught a bid in the early portion of the week as risk aversion started to show across global markets. This led to rather concerted drops in pairs like GBP/JPY or EUR/JPY shortly after this week’s open; but support caught in each pair early on Tuesday…

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