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USD: A wide range session in FX

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  • A wide range session in FX after US President Trump once again threatens 25% Tariffs, but this time on everyone and on all Steel and Aluminium Imports.
  • Price action in metals overnight have been steady, but Gold continues to register all Time record high, clearly some Safe Haven interest must be at play.
  • For G10 FX, going into the European session, the CAD was the Overnight worst performer, was down 0.37%, albeit well within Friday's wide range following the US Data beat, but has been taken over by the Yen, with USDJPY back above 152.00, although there's very little movements in Yields.
  • USDJPY printed a 152.21 high overnight, and this will be seen as the initial immediate resistance, now at 152.06.
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  • A wide range session in FX after US President Trump once again threatens 25% Tariffs, but this time on everyone and on all Steel and Aluminium Imports.
  • Price action in metals overnight have been steady, but Gold continues to register all Time record high, clearly some Safe Haven interest must be at play.
  • For G10 FX, going into the European session, the CAD was the Overnight worst performer, was down 0.37%, albeit well within Friday's wide range following the US Data beat, but has been taken over by the Yen, with USDJPY back above 152.00, although there's very little movements in Yields.
  • USDJPY printed a 152.21 high overnight, and this will be seen as the initial immediate resistance, now at 152.06.