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FOREX: The USD has unwound a large chunk of its early Asia-Pacific strength
after USD/JPY failed to cross above its next notable resistance level, the Jan
08 low (Y112.87), while GBP/USD's Jul 04 low/61.8% retracement of the move from
$1.3050 to 1.3363 ($1.3171/70) held.
- GBP continues to underperform on the back of the Trump/May story, while AUD
has experienced some marginal outperformance.