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Focus remains on the Yen

USD
  • The Dollar leans in the red going into the European Govie open, and has lost some ground in the last Month, with the CAD and the Pound leading for that duration, up 3.4% and 3.15% respectively.
  • This morning, AUD and the SEK are leaning in the red against the Greenback, and although the Yen is up 0.20%, focus should remain on the USDJPY, after it broke the 142.25 resistance last week, to trade as high as 143.87 on Friday.
  • As mentioned previously, there isn't much in terms of tech until the 145.10s area.
  • For now, resistance will be at 143.87, followed by 144.24 2.0% 10-dma envelope.

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