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Buying GBPJPY For Symmetry Swing

Data from the Office for National Statistics showed that UK trade deficits narrowed to £9.92 billion in Dec, dragged by quicker drop in imports.
In 2015, trade deficits widened by £0.3 billion to £ 34.7 billion due to decline in exports amid a strong sterling and weakness in external demand.
BoE Deputy Governor Cunliffe warned that the BoE could increase rates if credit growth continued to accelerate. Even the dip in the 10Y JGB below 0% has failed to deter inflows from both overseas and domesti…
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USDJPY Sell A Retest Of The Neckline

JPY failed to get the ‘risk on’ message with JPY dipping into the USD113s. Markets, while fearful of ‘intervention’, clearly expect JPY strength.
USD fell to the lowest against JPY since November 2014 as investors rushed to safe-haven Japanese currency, withdrawing from earlier optimism that the Fed would continue to raise interest rates.
The Yen has dropped 6.71 percent month-to-date. Markets await the US Retail Sales data due tomorrow. Japan’s producers prices plunged 3.1% YOY in Jan (Dec: rev…
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