Thursday, February 27, 2014

Daily Report: Renewed Selloff in Yen Crosses on Risk Aversion

Much volatility was seen in the Japanese yen overnight as initial strength was countered by return of risk appetite. DOW and S&P 500 both closed higher and lifted yen crosses for recoveries. However, renewed risk aversion in Asian session triggered another selloff in yen crosses again. Technically, EUR/JPY has already



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