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USD Struggling

FOREX

The combination of U.S. Tsy richening i.e. lower yields, alongside downward pressure in USD/JPY (not the usual relationship), seems to be facilitating some wider USD weakness, with the USD moving to the bottom of the G10 FX pile in recent dealing. Post-BoJ Rinban announcement vol. has been evident in the JPY crosses (with the initial JPY weakness more than reversed as the JPY moves to the top of the G10 FX pile), although there hasn’t been much in the way of wider headline drivers observed when it comes to the broader FX space.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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