Speculative shorts on JPY are rising further – OCBC

The Japanese Yen (JPY) is playing the outlier role, being the developed currency with the greatest influence from domestic events, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
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EUR: Helped by deleveraging in less liquid currencies – ING

As discussed in the USD section above, when liquidity becomes a discriminating factor in FX, the Euro (EUR) can find some support in the crosses.
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