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USD/JPY Extends Risk-On Rebound, EUR/USD Going Nowhere

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 13, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY rebounded north of 104 supported by the global risk-on rally and by hopes on fiscal and monetary stimulus in Japan. EUR/USD is little changed. The global risk-rally remains the key driver for USD trading. Sterling was squeezed aggressively higher after the announcement of Theresa May becoming PM. The focus[​IMG]

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