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An earlier update here noted the USD/JPY was testing the 156 handle. Well it did just nose above that price point, reaching a session high at 156.11. However, since then the dollar has fallen back quite sharply, towards 155.50. The prospect of the dollar not advancing too much was highlighted in that previous update and the reason for that was outlined. Well, as you can see, trepidation over a potential BOJ rate hike on Friday has dented the move higher in the dollar and that in turn has allowed the EUR/USD and GBP/USD to lift from their earlier session lows.
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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