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Yen remains under renewed pressure

USD
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  • The Dollar is mixed going into the European hours, a continuation from the overnight session.
  • The Currency is closer to flat against the CHF, GBP, EUR.
  • AUD and NZD are leading aided by the underlying bid in Risk, as Tech led last night following Alphabet and Microsoft results, and the Yen is once again under renewed pressure as the BoJ held its rate unchanged as expected, and provided no signals on QT.
  • Overall the Dollar is still king across the Globe and has gained close to 10% against the Yen YTD.
  • Next resistance in USDJPY is seen at 156.47 2.00 proj of the Feb 1 - 13 - Mar 8 price swing.
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  • The Dollar is mixed going into the European hours, a continuation from the overnight session.
  • The Currency is closer to flat against the CHF, GBP, EUR.
  • AUD and NZD are leading aided by the underlying bid in Risk, as Tech led last night following Alphabet and Microsoft results, and the Yen is once again under renewed pressure as the BoJ held its rate unchanged as expected, and provided no signals on QT.
  • Overall the Dollar is still king across the Globe and has gained close to 10% against the Yen YTD.
  • Next resistance in USDJPY is seen at 156.47 2.00 proj of the Feb 1 - 13 - Mar 8 price swing.