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Forex: GBP/USD in highs above 1.5300

FXstreet.com (Barcelona) - The sterling is posting session highs in the area of 1.5325/30 on Friday, following the prevailing risk trends in the absence of UK events/results.

After dipping to the area of 1.5215/20 during the week, the pound picked up pace and left behind the poor employment results and softer retail sales in the UK, regaining the boundaries of the key level at 1.5300.

As of writing, the pair is advancing 0.29% at 1.5324 facing the next hurdle at 1.5361 (high Apr.17) followed by 1.5386 (high Apr.15).
On the flip side, a breakdown of 1.5249 (MA21d) would expose 1.5218 (low Apr.18) and finally 1.5217 (low Apr.17).

Asian markets up on Friday as G20 meeting resumes

Demand grew on Friday, allowing gains on Mainland China’s Shanghai Composite (+2.20%), Hong Kong’s Hang Seng (+1.54%), South Korea’s Kospi (+0.33%), India’s Bombay Sensitive (+1.52%) and Japan’s Nikkei Stock Average (+0.76%). With a particularly empty economic calendar during the Asian session, investors have headlines from the G20 meeting to trade to. In regard to talks about the BoJ and its monetary policy, it’s been reported that “Japan faced no opposition at G20 to its message that its monetary policy is aimed at beating deflation”, according to Japan finance minister Aso.
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Forex: USD/JPY closer to 99.00 on G20 headlines

The USD/JPY has been climbing the chart on Friday as the G20 meeting has a focus on monetary policy, particularly of Japan, and finance minister Aso revealed that Japan faced no opposition at G20 to its message that its monetary policy is aimed at beating deflation. The pair has lifted to 98.91 high, so far, as European money gets in the game.
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