USD: Mixed signals from PPI and sentiment – Danske Bank

Danske Research Team highlights that softer-than-expected US PPI for March did not materially alter market pricing for Federal Reserve cuts, with only a one-in-three chance of easing this year.
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USD/JPY: Building downside momentum toward 158.50–158.00 – UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that USD/JPY fell to 158.59 and closed at 158.77, with downside momentum starting to build.
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