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USDJPY TECHS

Clears The Sep 22 Intervention Low

OIL

Italy’s Oil Consumption Rises in 2022

EUROPEAN DATA

EC Sees Weaker Growth & Higher CPI than ECB Sep Forecast

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USD

USDJPY testing new intraday low

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Inflation higher than expected

GERMAN DATA
  • 3 tenths higher for M/M HICP and 2 tenths higher for Y/Y.
  • We had noted earlier there might be some upside risks following the regional prints, but this was not certain. Hence we have seen some more downside to Bunds.

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