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USD in demand as the US 10y makes a...........>

FOREX
FOREX: USD in demand as the US 10y makes a convincing break of 3%.
- USD demand was the theme in Europe, supported by the US 10y move to 3.0296.
- Eur/Usd continued its downtrend off the Asia low ($1.2239), moved through
$1.22 to print extended pullback lows of $1.2187.
- Usd/Jpy reclaimed the Y109.00 handle with added support via the DXY, rate
extended the slow grind to Y109.27, before resistance from the Ichimoku cloud
top capped topside gains. Eur/Jpy holds Y133.15/20 and is worth noting it failed
to make a convincing close above the 100-dma (Y133.06) yesterday, traders will
again be monitoring this closely.
- GBP was buoyed after it was announced Takeda made a revised takeover proposal
for Shire with the deadline for decision extended to May8. But, the stronger USD
prevailed with a sharp reversal to $1.3934.
- The Antipodeans particularly suffered as volumes remained light due to the
Anzac holiday. NZD & AUD were big fallers in the G10 space and are currently
showing losses of 0.42% & 0.35% against the USD.
- Usd/Cad printed C$1.2868, Ichimoku cloud top resistance (C$1.2876) countered.

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