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The Yen remains in the red against G10s

USD
  • Although the USDJPY is off its intraday high, the Pair has quietly recovered 238 pips from its overnight low today.
  • Movements in the Currency has been more a function of Yen unwind and profit taking, given that Equities are underpinned and Yields remains at the low part of this Week's ranges.
  • Small resistance moves down to 151.26, followed by 151.94.
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  • Although the USDJPY is off its intraday high, the Pair has quietly recovered 238 pips from its overnight low today.
  • Movements in the Currency has been more a function of Yen unwind and profit taking, given that Equities are underpinned and Yields remains at the low part of this Week's ranges.
  • Small resistance moves down to 151.26, followed by 151.94.