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Another Positive session for the Dollar

CROSS ASSET
  • It's another positive start for the Dollar, in the green and once again on the front foot across the major, beside the Pound, which has managed to pare losses back to flat against the Greenback, following the UK inflation data coming above consensus.
  • Risk Off and Higher Yield have been supporting of the Currency, with downside stops triggered Yesterday on Technical breakouts, as Estoxx (VGH4) broke below the 2024 low and lowest print since the 1st December Yesterday.
  • Looking at the early price action pre European Govies open, some suggestion that more long bailed out in Emini and Estoxx just before 06.00GMT today.
  • Yen is again the worst performer, down 0.49% today, and a whopping 4.64% this Year.
  • Next resistance in USDJPY is above the figure at 148.51 High Nov 30.

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