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EUR/JPY And EUR/USD Rebound Sharply As Brexit Fears Ease

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 20, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The return of the risk-on trade on global markets triggers a reversal of last week's currency moves as investors position for a lower Brexit probability. EUR/USD and EUR/JPY rebound sharply. The gains of USD/JPY are more modest. Sterling trades also sharply stronger. We assume some consolidation after these sharp moves[​IMG]

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