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Forex: EUR/JPY in session lows around 120.50/55

The sentiment surrounding the euro is under increasing pressure on Thursday, dragging the cross to fresh intraday lows in the area of 120.50/55...
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IMF will revise US outlook after the sequestration

The International Monetary Fund will revise US growth forecast if sequester reaches its March 1st deadline and the government must cut spending lower. According to sources, the IMF update forecast would be reflected in the outlook to be published in April as the U.S. spending cuts will hurt economic outlook.
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