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Limited Additional Impulse For USD Despite Yields Climbing On Poor 10Y Auction

US
  • Limited additional strengthening impact on the USD index as Tsy yields spike higher on a poorly received 10Y auction with the largest tail since Dec’22.
  • Nevertheless it at least keeps BBDXY close to the day’s highs whilst USDJPY is at joint session highs of 152.98.
  • USDJPY probes resistance at the round 153 after which lies 153.39 (1.382 proj of the Feb 1 - 13 - Mar 8 price swing).

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