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Risk-Off Flows Seen

CROSS ASSET

As noted in our previous JPY bullet, we are not seeing much in the way of headlines to trigger these risk-off flows. Most of today's focus has fallen on the previously outlined round of headlines re: Chinese property developers, but they hit some time ago. JPY firms, the Nikkei 225 sells off and core FI sees a light bid.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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