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JPY Futures: Bullish/neutral near-term

In light of advanced readings from CME Group for JPY futures markets, both open interest and volume shrunk by just 540 contracts and by more than 22K contracts on Tuesday.

USD/JPY faces strong resistance around 110.00

Tuesday’s inconclusive price action in USD/JPY was accompanied by shrinking open interest and volume in the safe haven yen, all indicative that the upside could run out steam and attempt a near-term consolidation.

EUR/USD: Further losses seen below 1.0880 – UOB

FX Strategists at UOB Group noted EUR/USD could slip back to the 1.0810 area if it clears the 1.0880 region in the near-term. Key Quotes 24-hour view:
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GBP/USD: Diminishing bets for a deeper pullback – UOB

The probable move to sub-1.2850 levels appears to have lost some momentum in Cable, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “GBP t
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