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USD/JPY still trapped in a tight range – Scotiabank

FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, comments that USD/JPY continues to trade in a tight range on limited news flow.

Key Quotes

“JPY traded in a relatively tight range through the Asian and European sessions and continues to be locked into its four month 116.66 to 122.03 range. USDJPY often charts the broader FX course and the four‐month range is reflective of the shift from a strong USD outlook, where all the stars were aligned to a more balanced one. Japanese data was light with next week’s focus the BoJ meeting and inflation data.”

Credit Agricole: EUR/USD a sell on rallies – eFXnews

The Research Team at Credit Agricole, views that EUR/USD will likely remain a sell despite ongoing Greek concerns, likely to remain pressured by ECB’s QE, as noted by eFXnews.
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Gold plummets and falls to 1-month lows

Gold dropped sharply and fell more than $10 an ounce in one hour. Recently reached at $1,176 the lowest level since March 20. The yellow metal is falling 1.50% on Friday, accumulating a weekly decline of 2.25%, the worst performance since February.
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