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CROSS ASSET: Yen sees broader lows, Gold edges towards $2,900.00

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • There's broader selling going through against the Yen, testing session low with the EUR, AUD, GBP and just short of the intraday low with the Dollar.
  • Yields aren't moving, Risk on Tone could at play, although not seeing similar moves with the likes of the Swissy.
  • The resistance in USDJPY is seen much further out, up to 152.89 High Jan 6.
  • Gold continues to firm higher, now just $5 short of the $2,900.00 level, although most Desks will be eyeing the big Psychological $3000.00 level.
  • In between these two levels, resistance is seen at $2917.5 - 1.764 proj of the Nov 14 - Dec 12 - 19 price swing, followed by $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing.
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  • There's broader selling going through against the Yen, testing session low with the EUR, AUD, GBP and just short of the intraday low with the Dollar.
  • Yields aren't moving, Risk on Tone could at play, although not seeing similar moves with the likes of the Swissy.
  • The resistance in USDJPY is seen much further out, up to 152.89 High Jan 6.
  • Gold continues to firm higher, now just $5 short of the $2,900.00 level, although most Desks will be eyeing the big Psychological $3000.00 level.
  • In between these two levels, resistance is seen at $2917.5 - 1.764 proj of the Nov 14 - Dec 12 - 19 price swing, followed by $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing.