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Over 6 big figures jump in the NOK

USD
  • The Dollar was mostly flat pre EU Cash Govie open, NZD was in the lead, but by just 0.15%.
  • Since the Norway CPI on the Govie open, with the data beating consensus, USDNOK fell some 6 big figures, and the Scandies is now in the lead in G10s, up 0.51% against the Dollar.
  • AUD and CHF are a touch in the red, down 0.15% and 0.13% respectively. EURUSD the most traded pair, trades in a 17 pips range, and sits closer to flat, as well as CAD, NZD, JPY and the SEK.
  • Focus is still on the Yen, with the next upside targets at 151.72 High Oct 31 and the bull trigger, followed by 151.95 High Oct 21 2022 and a major resistance, the latter is also the highest print since the 90s.
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