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Equities trade higher, Caution abounds

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A sign of resilience and perhaps a degree of pent up tolerance to such tragic events has led to a flat to mildly positive opening in Europe this morning. While I would not say that risk is definitively back on, the fact the Vix is near its lows and USDJPY has re-established itself well above the Y112 level has helped temper any real pessimism in the equity space. The yen has been the only winner in Tokyo against the US dollar in the complex of G10 currencies. BoJ’s policy board member Funo

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