Forex: USD/JPY pares losses to 93.61/62

The USD/JPY has pared the majority of its losses after falling to the 93.28 region (session low) during overnight trading. However, after sporadic trading in the doldrums, the pair has recently recovered and moved back to opening levels, threatening to break into positive territory. The cross is presently operating at the 93.61/62 level in these moments, whilst still incurring a modest loss of -0.04% during European trading.
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