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In the broadcast today: The Tide Turning in Favor of the USD and JPY- Will It Last? Weeks ago, we made the case for weakness in the worldwide equity markets and listed the major factors that could spark risk-aversion and a flight into the safe haven currencies such as the USD and JPY, with the tide already turning in their favor, we examine the prospects for the longevity of the positive USD trend, we focus on the GBP ahead of the Bank of England's interest rate announcement, we analyze today's bearish breakout for the USD/JPY currency pair and the market’s reaction to the the German Industrial Production, the Euro-zone GDP, and the U.K. Home Prices and Consumer Sentiment, we discuss new forecasts from JPMorgan Chase, BNP Paribas and UBS, and prepare for the trading session ahead.
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