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Greenback Spikes On Hawkish Hold

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  • Alongside the US 2-year yield touching 5.1373%, a fresh high since 2006, the greenback is spiking in tandem, with most major currencies reversing around 50-60 pips from session bests against the dollar. USDJPY briefly rises back above 148.00 and will focus on the overnight highs of 148.17 before 148.40, the Nov 4 2022 high.

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