Talking Points:
– Markets entering risk-off phase?
– GBPJPY and USDJPY show signs of topping in the medium-term.
– Only one high ranked event on the economic calendar today for USD.
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The Japanese Yen is gaining momentum as global equity markets slip – risk-aversion is coming back into play. We’re watching GBPJPY and USDJPY.
— Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
Follow him on Twitter at @CVecchioFX
Source: Daily fx
