February 20, 2025 07:00 GMT
USD: USDJPY is down 1% going into the European session
USD
- Some decent upside continuation in the Yen in early trade, USDJPY was down some 0.85% as Europe started to come in, but it is now down close to 1%, testing the 150.00 Figure.
- US Yield have pushed away from their highs, but overnight Desks point to positioning ahead of the Japanese CPI Tonight.
- Bloomberg Consensus are going for a CPI beat.
- Next immediate support in USDJPY comes at 149.69 Low Dec 9.
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