USD/JPY continues run higher to touch 151.00 on the day ...Middle East

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USD/JPY continues run higher to touch 151.00 on the day
From earlier: USD/JPY bounce starts to gain some tractionThe traction is certainly building up to a stronger momentum today with the pair now touching the 151.00 mark. As mentioned in the post above, it comes after the bounce today moved past the 100-hour moving average (red line). That switched the near-term bias to being more neutral and opens up some room to roam for the pair. The 200-hour moving average (blue line) is still a distance away at 151.75 currently.The dollar is keeping steadier but is not seeing broad-based strength against the rest of the major currencies bloc. That being said, higher Treasury yields is also helping with the mood as well as a bid in Japanese bonds on the day

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