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Euro-Asia crosses remain on the front foot....>

FOREX
FOREX: Euro-Asia crosses remain on the front foot with EURCNH continuing its
four day rally today trading at 7.9430, with a close above 8.0000 needed to
shift the pair into a higher trading range. Euro outperformance is coming
despite continued pressure on Italy-France spreads and still-wide yield
differentials between China and Germany. 
- EURKRW is showing less impressive gains but is still looking to post its
fourth daily gain as it tests its 21-dma at 1296.7.
- EURJPY has edged above its 21-dma to trade at 128.23. While the surge in
Japanese real yields has eased, real yield spreads between Japan and Germany
continue to support yen outperformance suggesting that the recent rally is a
correction in a larger bear market. 

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