Forex News: USD/JPY is gaining ahead of the open of US equity markets, reversing part of its sharp overnight fall. The yen had earlier gained versus the dollar and euro as investors unwound riskier positions. Wed morning in NY, EUR/USD was at 1.5887 from 1.5899 late Tue. USD/JPY was at 104.40 from 104.74, while EUR/JPY was at 165.83 from 166.56, according to EBS.
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