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Yen and Equities are at the forefront

CROSS ASSET
  • Similar to what we are seeing across asset and particularly Govies and Rate futures, G10 FX remain within their past ranges, EURUSD in a early 21 pips range, and within 1.0800/1.0900 range, Cable still contained within 1.2600/1.2700.
  • Even the Yen is back in the 150.00 mid range, after BoJ Ueda pushed back overnight on the latest Hawkish rhetoric from BoJ Takata Yesterday.
  • Best early performer is the Aussie, albeit just above 0.6500 and just 0.17% up.
  • Early focus should again be on the European Equities with Estoxx (VGH4) making another contract high overnight, a 519 points gains since the 17th January.
  • Main initial Technical focus in G10 FX, is back in USDJPY and the 150.89 High Feb 13 and bull trigger.

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