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Forex Flash: USD/JPY pullbacks should not be ruled out – Commerzbank

FXstreet.com (Barcelona) - The Japanese yen found renewed strength on Friday, falling from Thursday tops in levels just shy of the triple-digit mark to the current levels around the key support at 99.00.

“We remain somewhat nervous of a correction lower unfolding below 100.00… Given the 13 count on the 60 minute chart, we would tighten up stops considerably as the 240 minute chart is indicating a retracement back into the 97.05/95.30 band”, recommended Karen Jones, Head of FICC Technical Analysis at Commerzbank. However, the expert targets 101.27 longer term, ahead of 105.50.

Forex Flash: Europe- Back to the dark ages - BAML

The Bank of America Merrill Lynch Commodity Research team believe that coal´s renaissance is Europe and Germany “dirty secret”.
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Forex: USD/CHF operating at session highs at 0.9327/36

The USD/CHF advance has continued Friday, following the release of mixed economic data out of the EMU. In these moments, the cross is trading near a session high of 0.9336, notching an advance of +0.22% thus far during European trading.
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