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Fresh losses in Oil leading stocks lower again. JPY the major beneficiary

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It is another day of gloom in the stock markets, after what was a relatively steady session in Asia. Oil price slippage was again the catalyst for today’s negative sentiment , with the familiar risk pairings taking the brunt of the hit. USD/JPY losses in Asia stabilised in the mid 120.00’s in early London, but extended through these levels to line up a potential test on 120.00. Large vanilla expiries seen here over the next 2 days, adding stop loss momentum if we break below here. Fresh

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