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Equity Futures Reverse Initial FRC Spike, But USD/JPY Remains Firm

  • Dust settling slightly on the First Republic headline-inspired move - E-mini S&P reverses ~10 point spike to trade closer to the day's lows of 4089.25 once more. Slightly different case for USD/JPY, which is holding the majority of the 50 pip rally at typing - overnight highs of 133.90 present initial resistance from here.
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