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The USD has moved higher after the US CPI data came in hotter than expectations

What did the price action do to the technicals for the major currencies? One thing is it sent the dollar higher.

The USD has moved sharply higher after the higher than expected CPI data. The expectations for the Fed increase by 25 basis points. The market is now targeting a terminal rate between 4.75% at 5.0%. US yields are higher with the 2 year up at 4.48%. The 10 year yield is back above the 4% level. For the US dollar, the greenback has moved sharply higher.
- The EURUSD has moved below a swing area between 0.96621 and 0.9683.  Traders will behind that level as a resistance/bias defining area now.
- The GBPUSD is fighting between UK fiscal policy and the stronger CPI. The 200 hour moving average 1.1187 will be a barometer -
-The USDJPY has raced up to a new cycle high of multi-decade high of 1.4750 and  above a trendline near 147.25
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