12/21/2020 6:28:09 PM GMT
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By Joel Frank
USD/JPY has slid back below the 103.50 and to Monday Asia Pacific session levels as USD strength ebbs away.
Safe-haven JPY has been one of the better G10 FX performers on Monday amid risk-off flows.
USD/JPY continues to fall back from earlier highs above the 103.80 mark as strength in the US dollar ebbs away. The pair currently trades just to the south of 103.50, with gains on the day now just 0.1% or roughly 10 pips. Indeed, USD has seen a majority of its gains eroded vs most of its major G10 counterparts since the midpoint of the European morning, with the Dollar Index (DXY) having slipped from highs above 91.00 to current levels in the 90.20s.