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Another positive session.

USD
  • UD extends losses going into the EU Cash Govie open, as the Dollar remains king, and desks price higher for longer rates.
  • Focus is right back on Yields, with the US 10yr testing again its highest level since 2007 Yesterday and today, but finding some resistance at the 4.70% mark.
  • AUD test session low against the JPY, AUD and the EUR, while AUDUSD looks to break below the 0.6300 handle, ahead of support at 0.6272, the November low.
  • USDJPY look to test the BIG 150.00 level, on the back of the elevated Yield, and the Globe will be wary of any potential intervention.

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