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European Market Update: Major PMI Data Suggest That Growth Momentum Difficult To Maintain...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 23, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The USD/JPY was lower after G7 finance minister meeting renewed its pledge not to use currency devaluations to boost growth. US and Japan officials continued to disagree over currency volatility. Japan's Fin Min Aso believed that recent JPY moves were "one-sided and speculative" while the US believed recent yen currency[​IMG]

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