USD/JPY pulling back toward 79.00

Risk appetite continues to wilt after the Google snafu.

USD/JPY is feeling a bit of heat, down to 79.13 after the earlier spike to a one-month high of 79.45. There is chatter about some heavy, clunky sell orders after the pair touched the 200-day moving average.

By the same token, there is talk about ample demand from longer-term USD/JPY buyers.

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