USD/JPY freak spike to session highs faded hard

USD/JPY has popped back onto the 120 handle in a spike that rallied from 119.83 to 120.40 and to this time of writing, there has been nothing reported as yet.
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FX implications: USD on a back foot, but not forever - BTMU

Analysts at Bank of Tokyo mitsubishi noted that the dollar weakened across the board post-FOMC reflecting the increased risks to already low inflation from external developments causing the Fed to delay hiking.
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