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Although the headline payroll figure was weak, when you look into details, the outlook remains solid and there isn’t anything that would prevent the Fed from tapering next month, the dollar/yen is now at the top end of its trading range, its 2019 peak of 112.40, so I do expect heavy selling there for now. Still, should it break that level, we could see the dollar rising to 113 or 114 handle quite easily.

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