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European Market Update: French And UK Feb Industrial Data Slump In Feb

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 8, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The JPY moved off its 18-month highs against the USD as Japanese officials continued verbal intervention. Japan Fin Min Aso noted overnight that rapid FX moves were most undesirable and would take action as needed. Dealers noted that given the technical break in the pair the JPY-funded carry trade unwind[​IMG]

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