The yen outperformed on a BoJ taper, while the dollar, outside of USD-JPY, held firm in the wake of the new Fed Chairman Powell’s Congressional testimony yesterday. EUR-USD edged out a 19-day low of 1.2215. USD-JPY, meanwhile, ebbed back to the 107.00 level, giving back gains seen on the back of Powell’s upbeat view of the U.S. economy. This left a four-session high at 107.67.
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