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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. Indeed the rally in USDJPY back from its 88.97 lows has since… | ||||||||||||||||||||
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