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Early action is in FX

CROSS ASSET
  • Early action is in FX and the Dollar selling, but all crosses/pairs are trading well within past ranges.
  • The Yen is the best performer, and looking to break back below 138.00, with support moving up to 137.72 initially.
  • The Dollar move provides some bids in Treasuries, and TYM3 get lifted in 3.2k, albeit still trading in a 4 big ticks range.

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