Dollar begins to claw back CPI drop ...Middle East

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Dollar begins to claw back CPI drop
It comes as bond yields are also nudging higher with 10-year yields now to 4.39% on the day. In turn, USD/JPY is moving back up to 155.95 and EUR/USD is down 0.2% to 1.0840. While the former has already erased its CPI drop, the latter is starting to get there alongside other dollar pairs as well.For today, EUR/USD has some large option expiries at 1.0850 that could hold price action a bit more before rolling off. But from a technical perspective, the 100-hour moving average (red line) at 1.0833 is now a point of interest.Elsewhere, GBP/USD is also down 0.2% to 1.2645 and AUD/USD down 0.4% to 0.6650 on the day. The latter is also seeing a similar retreat to EUR/USD with its own 100-hour movin

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