Good Morning ,
Today's overview of economic news and market action:
- Investor sentiment was holding a cautious tone throughout last week, amid choppy trading conditions …
- On currency markets, the dollar was under pressure …
- Meantime, the yen was on the defensive also throughout last week …
- However, the yen strengthened markedly at the end of last week & at the start of this week, amid potential market intervention from authorities …
- This sees USD/JPY open today back in the lower region of ¥154-155 …
- EUR/USD is operating up at the midpoint of $1.18-1.19 …
- GBP/USD is above the halfway mark of $1.36-1.37 …
- EUR/GBP remains in the top half of 86-87p …
- This week, the main focus is the US Fed policy meeting …
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