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Plenty of focus on FX

  • Plenty of focus on FX, with USDJPY printing another multi decades high overnight (highest since 1998), albeit off the highs on the European Govie cash open.
  • Resistance in USDJPY is seen at the intraday high, followed by 146.03 2.764 proj of the Aug 2 - 8 - 11 price swing
  • The SEK was the main story in G10 yesterday, and USDSEK broke the all time record high yesterday following the Hawkish Fed, and saw some follow through overnight, printed a 11.1382 high.
  • EURUSD fell towards 0.9800, still holding. But a break below 0.9800, opens to 0.9785 2.00 projection of the Jun 9 - 15 - 27 price swing.
  • Cable sees next psychological support at 1.1200.
  • AUDUSD has breached 0.6600, with next support seen at 0.6568 Low May 27 2020.

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