Inflation data in focus for the session ahead ...Middle East

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Inflation data in focus for the session ahead
The dollar sits in a commanding spot going into European trading today, with USD/JPY even racing higher now to 147.75 at the highs for the day. The pair is looking to breach its 100-day moving average of 147.41 and that itself should lend a further bid to other dollar pairs as well.So far today, bond yields are little changed although 10-year yields are sitting close to a key technical level as highlighted earlier here. Meanwhile, equities remain on the defensive with S&P 500 futures down 0.3% for the time being. It's all still to play for though, with US retail sales data coming up later in the day.But before that, inflation numbers will be a focus point for European traders. We've got UK C

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