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Focus remains on the Yen

USD
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  • The Dollar was mostly flat across G10s overnight, AUD was up 0.06%, while the Kiwi was down 0.08%.
  • Post Cash Govie open, the Greenback is now leading against the EUR, albeit by just 0.13%, and although the Yen is now the tiny best performer, up 0.07%, USDJPY still trades close to the 155.00 level, highest since the 90s.
  • In terms of Technical, support in EURUSD is at 1.0601 Low Apr 16.
  • Cable would see next support at 1.2300 Low Apr 22.
  • The AUDUSD has already tested the immediate resistance of 0.6457 High Apr 18, but has lacked momentum.
  • Further upside traction would open to 0.6498 20-day EMA.
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  • The Dollar was mostly flat across G10s overnight, AUD was up 0.06%, while the Kiwi was down 0.08%.
  • Post Cash Govie open, the Greenback is now leading against the EUR, albeit by just 0.13%, and although the Yen is now the tiny best performer, up 0.07%, USDJPY still trades close to the 155.00 level, highest since the 90s.
  • In terms of Technical, support in EURUSD is at 1.0601 Low Apr 16.
  • Cable would see next support at 1.2300 Low Apr 22.
  • The AUDUSD has already tested the immediate resistance of 0.6457 High Apr 18, but has lacked momentum.
  • Further upside traction would open to 0.6498 20-day EMA.