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Mild bounce in sterling as CPI beats

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Mild bounce in sterling as CPI beats By Brenda Kelly Japanese equity markets underwent a marginal recovery as the yen took a breather from its 7-session intensive rally. Fears that the ‘one-sided’ move in the FX market could lead to an intervention sooner or later have imposed some vigilance for now amongst the yen bulls. Chinese stocks underperformed even though Chinese Premier Li said that more supply side reforms could be on the horizon given that the economy remains under pressure. Yuan

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