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USD Firmer As Yen Unwinds Gains, Caixin Services PMI Due Shortly

FOREX

The Yen has unwound its early outperformance seeing the USD firm across G-10. Lower US Equity futures and softer regional equities are weighing on risk sentiment. BBDXY is ~0.1% firmer.

  • USD/JPY is a touch firmer last printing at ¥131.15/25 having printed a low at ¥130.78 in early trade.
  • The antipodeans are pressured, AUD/USD and NZD/USD are down ~0.3% and lower WTI futures are weighing on NOK which is down ~0.3% also.
  • China's March Caixin Services PMI crosses shortly, a print of 55.0 is expected.

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