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Earlier this morning an update here noted how the USD/JPY had rejected a sustained move above 156, after falling back from a session high, at 156.11. The subsequent drop back towards 155.50 is what gave the EUR/USD and the GBP/USD the breathing space to push to fresh interim highs. As already covered, that allowed the EUR/USD to get above 1.0437 and reach 1.0457, but that has been the extent of it so far. Meantime, the USD/JPY did rebound for another brief foray above that 156 hide again, only to run into sellers for a second time. So, it seems the market continues to not take any chances with being caught long and wrong, if as suspected, the BOJ is soon about to raise interest rates at the end of this week. Conversely, the one thing that is holding the dollar above 155 right now is the push back up in the USD/CNH today, following the Trump China trade tariff news. The USD/JPY is currently trading at 155.85
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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