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PBOC set the Yuan reference rate at 6.8894

The People's Bank of China (PBOC) set the yuan reference rate at 6.8894 vs previous day's close of 6.8900.

USD/JPY: better bid over risk-on Wall Street, upside favoured above 111.50

USD/JPY has been less perky in the Tokyo open that what we were seeing in overnight markets since yesterday's US/China trade headlines which brought a
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EUR/JPY Technical Analysis: Recovery is losing steam

Hourly chart Spot Rate: 126.11 Daily High: 126.27 Daily Low: 126.04 Trend: Neutral Resistance R1: 126.37 (resistance as per the hourly chart)
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