XE Market Analysis: Asia – Jan 30, 2018

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After opening under some pressure, the greenback made a bit of a comeback later in the session, rising against the yen and dollar after Bloomberg reported further comments from Treasury Secretary Mnuchin on the dollar. In congressional testimony, Mnuchin reportedly said he was not trying to jawbone the dollar lower, reiterating his CNBC comments from Friday, where he said he supports free FX markets, and that he supports a strong dollar for long term U.S. interest. USD-JPY bottomed at 108.43, since rising to session highs of 108.93.