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Citibank lowers USD/JPY call to 103.00

Citibank is the next major bank to lower their forecast on the USD/JPY, with Citi analysts dropping their 6 to 12 month horizon on USD/JPY from 108.00 to 103.00.

Citing a global risk-off environment, Citi analysts are considering the Yen to be "very cheap" against the majority of its counterparts in the long-term, especially the Euro, and Citi will also be looking for declining US Treasury yields on a slowing global economy to help spur the trade further on.

GBP/JPY keeping close to the week's high end

GBP/JPY is trading on the high end, testing above 140.30 as market sentiment remains on-balance and the Sterling continues to recover from this week's
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PBOC’s Pan: China seeks more open, more transparent, more efficient bond market

People's Bank of China (PBOC) Deputy Governor Pan Gonhsheng is on the wires now, via Reuters, speaking about the bond market issues and economic growt
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