A more tentative mood so far in trading today ...Middle East

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A more tentative mood so far in trading today
The dollar is trading a little mixed but not much changed overall, after being slightly lower earlier in the day. EUR/USD moved up to 1.0905 before keeping flattish around 1.0888 now while USD/JPY fell to a low of 147.65 before recovering to 147.91 at the moment. In my view, the lack of impetus has much to do with some indecision in the bond market for now:10-year yields in the US broke above 4.10% after the retail sales data yesterday but there has been a lack of follow through after. Yields are down 2.5 bps today to 4.079% and more importantly, nudging back below the 200-day moving average (blue line) of 4.084%. I would say that is sort of keeping broader markets on edge in trading today.M

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