Thread: Gold Rallies & JPY drops

The highlight of the Asian session was the rapid deprecation of the JPY especially against the EUR, AUD and NOK. USDJPY hit a six-month high of 85.53 and EURUSD rallied to 1.4315. Elsewhere in Asia, there are reports of heavy selling of local currencies by Asian central banks with the largest participations affecting the MYR, KRW and SGD. As we have stated many times before, the “currency wars”... ...More...


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