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In the red across the majors

USD
  • The Dollar remains on the back foot into the EU Govie cash open, in the red across the majors, beside the Yen of course, following the BoJ unchanged rate decision.
  • USD is at new session low against MYR, CAD, INR, CHF, MXN, THB, GBP, EUR, AUD, SGD, ILS and the SEK.
  • USDJPY continues to unwind some of the pre BoJ decision rally.
  • USDJPY jumped 300 pips post decision, from circa 128.50, now trading 120 pips off its high.
  • USD remains under pressure given the lower Yields and the Risk On tone.
  • Best overnight performer was the Kiwi, now still up 0.82%, and resistance is seen at 0.6514, the December high, and highest print since the start of June.

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