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USDJPY looking to test 150.00

  • Although mixed overnight, the USD remains on the front foot overall.
  • Best performers are the SEK, NOK and EUR, while NZD and AUD sits in the red, albeit off their lows.
  • AUD has lost 6.46% this past Month, and has been the biggest loser against the Greenback in G10 for that period.
  • ALL EYES remain on the USDJPY, with the 150 handle looking too close not to be tested.
  • Market participants will keep a close eye on any potential intervention, stealth or otherwise.
  • Again, also some focus on the USDCHF, which has again tested the May/June double top at 1.0065, printed 1.0064 today, 1.0063 yesterday, and did print a 1.0074 last Thursday.

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