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USD: A positive start for the Dollar ahead of the CPI

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  • A green start for the Dollar ahead of the awaited CPI, Trump again reversed course on his trade war threat against Canada, but the CAD is still the second worst performer within G10, behind the Yen, albeit short of the 1.4521 printed high Yesterday.
  • A break through that level would open to 1.4543, the March high in USDCAD.
  • USDJPY has recovered close to 200 pips from Yesterday's low of 146.54, its lowest since Early October.
  • Small resistance is seen at 148.65, followed by 149.33, and 149.88 20-day EMA.
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  • A green start for the Dollar ahead of the awaited CPI, Trump again reversed course on his trade war threat against Canada, but the CAD is still the second worst performer within G10, behind the Yen, albeit short of the 1.4521 printed high Yesterday.
  • A break through that level would open to 1.4543, the March high in USDCAD.
  • USDJPY has recovered close to 200 pips from Yesterday's low of 146.54, its lowest since Early October.
  • Small resistance is seen at 148.65, followed by 149.33, and 149.88 20-day EMA.