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- USD/JPY sees late rally, jumps to 142.60.
- The US Dollar is paring back the day’s losses as the Yen declines.
- US inflation continues to erode faster than expected.
The USD/JPY is rallying into new highs on Friday as the US Dollar (USD) tries to pare back some of the day’s losses coupled with a broad-market weakening of the Japanese Yen (USD) as markets get set to wrap up the last day of trading before the holiday break and the last full trading week of 2023.
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