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European Market Update: UK Production Data Comes In Mixed

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY remained well contained in its recent 105-110 range. The session saw a firmer yen as the pair moved back below the 109 level as Japan's financial institutions increased their currency hedges. Dealers also took note of recent comments from PM Abe's Advisor Hamada Japan would have to intervene in[​IMG]

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