Main market theme to start the week was ongoing relief following Friday’s decent US labour market report. USD/JPY was the standout mover across markets. USD/JPY rallied up to an intraday high of 99.28 in the afternoon and looks set to retake the 100 mark in coming sessions. The Nikkei had bounced 4%+ overnight, long USD/JPY positions will likely be built back up in the near term.
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