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As it was expected, the USD/JPY had become overbought due to the jump that occurred on Tuesday. This resulted in a decline, which by the middle of London's Wednesday session had reached 110.40.
After experiencing a sharp jump up and decline at the end of Tuesday's London trading session, the GBP/USD resumed its decline. By the middle of Wednesday's trading session the rate had reached below 1.2680.
On Wednesday morning, the EUR/USD traded below the 1.1170 level.
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