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Not a very good set up this morning
>pic related
if you see us break below ~142.87 (previous trough) then we are definitely closing red today
would not surprise me, that people will go risk off / hedge for the CPI tomorrow
Perhaps we get a rally on open, which fizzles out, goes to flat / red by close
however, if USD/JPY reverses, back above 143, then we can stay green all day
Oil / copper is also under pressure
Yields were rising all morning, now back in the red
Not a good set up..