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EUR/USD lifts above 1.0529 and extends as USD/JPY crumbles towards 153
As noted earlier a possible break above 1.0529 today on the EUR/USD might deliver a price extension and that is exactly what it has just done. The Euro rose above that level a short while ago and pushed to a new high on the week, just now at 1.0545. The move higher in the EUR/USD seems to have been facilitated by a slide below 153.55 in the USD/JPY. That was the clear leader in these moves and both some as US yields fall back to session lows. The 10 year note is now below 4.28%. The low on the USD/JPY has been 153.11. So, as you can see it took no prisoners, when it busted below that potential short term double bottom at 153.55. The EUR/USD is right now trading at 1.0535
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