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US futures pare losses as Yen gives back some gains- check out the Dow Jones now

Following the last update here, the USD/JPY fell back even further and tested its 50 day moving average, in place at 154.71. The actual low seen was set at exactly 154.71, so as you can see that technical level has seemingly capped the downside ahead of the US opening. The dollar has now rebounded back above the 155 handle and that rebound has come alongside a recovery in the US equity futures. The European stock markets are off their lows now too, but all of these markets are still very much in the red. The US markets are still set for a lower opening and it is worth remembering that opening will come 340 minutes ahead of the JOLTS, job openings report and so that could either add or detract from the price action, after live trading resumes. Earlier the Dow Jones was pricing a reopening close to 38,350. It is just now pricing that around 38,450 
 

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