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Mixed price action post US Durable Goods

CROSS ASSET
  • Mixed price action in Bund and across other assets, but still staying near pre Durable Goods, which was a big beat, although was revised lower, while the rest of the data also missed consensus.
  • Equities and the Dollar are doing very little, but the USDJPY did see a small quick spike higher, but has now faded.
  • Resistance in USDJPY moves down to 144.94, and would need a test all the way up to 145.99, to just reverse Fed Powell sell off on Friday.

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