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Yen Outperforms In Quiet Start To Tokyo Trade

FOREX

The yen has taken a narrow lead in muted Asia-Pac trade, with regional headline flow offering little to rock the boat. In the absence of notable catalysts, G10 currency pairs have generally stuck to narrow ranges.

  • Spot USD/JPY ascended to its best levels in nearly two weeks but has pulled back upon the rejection of resistance from Y115.68, which represents the high print of Jan 28.
  • Wednesday's data docket is fairly empty, which turns focus to central bank speak. Comments are due from Fed's Bowman & Mester, ECB's Schnabel, BoJ's Nakamura, BoE's Pill & BoC's Macklem.

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