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Risk-on sentiment continues to define forex...>

FOREX
FOREX: Risk-on sentiment continues to define forex markets today with the yen
underperforming despite dollar strength. This has seen yen crosses recover some
of their recent weakness, with EURJPY rising back above 130 to challenge
yesterday's highs.
- AUDJPY has also bounced strongly off the 80 level, taking out 80.50 thanks
largely to AUD strength. 
- EURUSD trades north of 1.15, helped out by the ongoing recovery in sterling,
which trades at daily highs of 1.3164. EURGBP continues to look weak with
recovery attempts failing at 0.8750. 
- USDCNH found support ahead of the 6.91 level in early Asian trading , bouncing
up through 6.92 to keep the breakout from the recent trading range intact. The
Aug 15 high is the next upside target and speculation regarding PBOC would
likely heat up around here. 

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