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USD: The Yen is paring losses

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  • The Dollar was mostly mixed against G10s overnight, the Yen was again the worst performer after it made an attempt through Friday's post NFP high of 149.00, extended to print a 149.13 high overnight just ahead of the next resistance seen at 149.35.
  • Going into the European session, the Yen has pared most of its losses, to now be the best early performer, up 0.17%, and just 28 pips off the low in USDJPY.
  • Regardless and Overall, the Greenback is deep in the green across the board for the past 5 sessions, higher Yields on the back of Data, as well as acting as a safer Currency on War Risks escalations, means that the Yen is still down 3.27% for that period, with most market participants eyeing risk target towards the 150.00 handle in USDJPY.
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  • The Dollar was mostly mixed against G10s overnight, the Yen was again the worst performer after it made an attempt through Friday's post NFP high of 149.00, extended to print a 149.13 high overnight just ahead of the next resistance seen at 149.35.
  • Going into the European session, the Yen has pared most of its losses, to now be the best early performer, up 0.17%, and just 28 pips off the low in USDJPY.
  • Regardless and Overall, the Greenback is deep in the green across the board for the past 5 sessions, higher Yields on the back of Data, as well as acting as a safer Currency on War Risks escalations, means that the Yen is still down 3.27% for that period, with most market participants eyeing risk target towards the 150.00 handle in USDJPY.