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Risk averse markets (Down down over 400.........>

YEN
YEN: Risk averse markets (Down down over 400 points) has seen renewed weakness
in JPY crosses. Gbp/Jpy slips to Y148.40 and seen approaching key support from
the 200-dma (Y148.30). The move takes Gbp/Usd back under $1.40 as the pair has
now seen an impressive 136 pip reversal off initial BoE rate split react highs
of $1.4219. Eur/Usd weighed by Eur/Jpy flirts with $1.2300, a break opens next
support through $1.2280/70. 

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