Wednesday, June 25, 2014

GBP Consolidates Losses, EUR Seeks Direction

The FX markets traded in tight ranges with light position adjustments through the Asian session. USD/JPY and JPY crosses did little in Tokyo. USD/JPY eased to 101.86/102.00 range after hitting 102.17 in New York yesterday. The good US data pushed the US yields shortly upwards. The unexpected and significant increase



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