* RES 4: $79.98 - High Jan 15 and a reversal trigger * RES 3: $76.78 - High Feb 11 and a bull trigge...
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J.P.Morgan recommend long 30-Year OLOs vs. OATs.
NOKSEK rose less than 10pips following the stronger-than-expected Norway January CPI-ATE reading (2.8% Y/Y vs 2.6% cons). This data alone wasn’t expected to push Norges Bank away from its guidance for a March cut, with Q4 GDP due tomorrow and another CPI report also due ahead of the March decision. The large upside surprise to Swedish January CPI also probably added some upside risks to the Norwegian print this morning.