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USD/JPY recovers alongside equities to........>

FOREX
FOREX: USD/JPY recovers alongside equities to drive the greenback higher against
most G10
-With US equities staging an impressive rally yesterday, Asian markets followed
suit, underpinning the rise back above Y107 for USD/JPY. Large option expiries
layered between the Y106.90-107 level have also helped lift the pair, which has
now topped the Y107.06 50DMA.
-AUD is the weakest, slipping as macro names buying in NZD/AUD alongside weaker
metals prices hurt sentiment. Rate now sits at around the midpoint of
yesterday's range and still sits comfortably above the $0.7663 Apr4 low.
-NOK is the strongest in G10 today, pressing EUR/NOK to 2 weeks lows of
NOK9.5588 as Brent oil reclaimed the $68/bbl level.
-Option expiry calendar is fully loaded for EUR/USD and USD/JPY today: EUR/USD
sees E1.46bln expire at $1.2360 and E1.4bln at $1.2370-75 with USD/JPY seeing
$1.5bln roll off at Y106.90-107.00.
-Calendar highlights include speeches from Fed's Bostic, US weekly jobless
claims and trade balance data for February.

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