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Data, Run Higher in Yields Provide Further Boost for Greenback

JPY
  • As noted above, fresh lows in US and European bond futures helping the latest leg higher in US yields, giving a further tailwind to the greenback at these levels: USD/JPY now comfortably clear of the 149.16 resistance noted earlier, pressing to new YTD highs and cementing JPY as the poorest performer.
  • Pair now clear of the larger expiries rolling off at the Thursday cut - making 149.75 the next level of note, the High from Nov22 last year.

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