The yen posted fresh lows today, losing ground for a second straight day amid a backdrop of reviving risk appetite and associated gains in global stock markets. USD-JPY clocked a three-session high of 105.75 in Tokyo, about a 35 pip gain on the New York closing levels, putting in some further distance from the 16-month low seen on Friday at 104.64. EUR-JPY and other yen crosses have seen a similar price action. There was no data or other news of market-moving note today.
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