JPY Weakens As Possibility Of Pakistan Coup Dismissed
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G10 Advancers and Decliners vs USD
CHF
0.09
GBP
-0.43
EUR
-0.45
JPY
-0.99
Since the drama of the Asian session and the rumours of a Pakistan coup that sent FX markets rushing to buy JPY in a spasm of risk aversion, the European session has been altogether less thrilling. The Pakistan headlines were quickly dismissed by officials, and thus began the USD’s gradual recovery back toward flat on the day.
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