USD/JPY poised to move towards 120/124 – SG

According to the Analysts at Societe Generale, USD/JPY is accelerating higher after breaking above the channel upper limit and looks poised to move towards 120/124.
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Nickel inventory rises

The daily inventory data released by the London Metal Exchange (LME) today showed a rise in the inventory levels of Nickel. Meanwhile, the inventory levels of Copper, Aluminium, Zinc, and Lead declined.
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