Adjustment Ahead of the Weekend, Yen Bounces

Corrective forces are taking hold in the foreign exchange market. It appears to have begun with Tokyo’s reluctance to push the dollar through JPY100; frustrating the yen bears and spurring some profit-taking. If the short leg is being covered, the long-leg of the trades, like euro, sterling,…

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Adjustment Ahead of the Weekend, Yen Bounces

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