* Transco Z6 NY estimated at $2.83 mmcf for the weekend strip on warm weather; EGT (Dominion) Sout...
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The federal budget deficit came in at $128.6B in January, well above the $94.8B expected and $21.9B in January 2024 (Dec 2024 was $86.7B) This was the biggest January deficit since 2021.
USDJPY traded stronger Wednesday, extending the recovery from the Feb 7 lows. The move higher appears to be a correction and this is allowing an oversold trend condition to unwind. Key short-term resistance is seen at 154.51, the 50-day EMA. It has been pierced, a clear breach at the close would highlight a stronger reversal of the Jan 10 - Feb 7 bear leg. This would open 155.89, the Feb 3 high. Key support and bear trigger is 150.93, the Feb 7 low.