Three significant observations in futures market - BBH

Analysts at BBH offered their observations on the Speculative Positioning in the Futures Market.
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USD/JPY extends correction to 123.00

USD/JPY bounced to the downside after being unable to hold above 123.50. Initially dropped to Friday’s closing price at 123.20 and then dropped further hitting a fresh daily low 122.95. Currently is hovering around 123.00, falling for the first time after rising during the previous five trading days.
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