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European stocks still leaking as USD/JPY and US yields firm

The Dollar is making some headway now this morning. The GBP/USD is lower again, now probing 1.2370 and the EUR/USD is edging lower too. The USD/JPY has pressed a little higher as well, back towards 147.75. These moves have all helped to lift the dollar index (USDX) from an earlier session low at 105.16, to back above 105.30 as I write. The pound looks to be leading the way in regards to the dollar making progress. The European stocks are further in the red as a result and now the DAX has edged closed to a test of the 15,800 mark. The USD/JPY is still taking advantage of the slight gain in US yields as are the other two noted pairs falling back for the very same reason. The US 2 Year note is now nudging 5.05% and that is helping the USD/JPY to gain some modest traction. It is also pushing gold back down too, as it drifts towards $1,925. The USD/JPY is just now trading at 147.70
 

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