Dollar sluggish as lower yields weigh on the session ...Middle East

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USD/JPY is down 0.3% to 147.75 currently as lower Treasury yields is weighing on the pair. 10-year yields in the US are down to 4.10% and that is putting a slight drag on the dollar. The fall is still largely contained by the 200-day moving average though, which remains the key level to watch ahead of the Fed.As for USD/JPY itself, the 100-day moving average at 147.51 is still the key support level in play currently. Elsewhere, USD/CHF is down 0.4% to 0.8610 while AUD/USD is up 0.4% to 0.6600 on the day.The laggard though is the euro currency as it is down 0.3% against the dollar at 1.0825. ECB policymakers reaffirmed rate cut expectations today but they seem to be steering markets to a June

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Last updated : 29 January 2024 clock 01:00 PM

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Dollar sluggish as lower yields weigh on the session ...Middle East

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