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New Zealand Electronic Card Retail Sales (MoM) remains at 0.3% in Jan

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Forex: Selling Yen trade back on! USD/JPY at fresh 2.5 year high

The Yen is getting whacked across the G10 board, with a fresh wave of selling pressure taking all things Yen to fresh cycle lows. The USD/JPY in particular has been bought up to the boots in the last 90 minutes, with a spike that has gone from 93.35/40 periphery to new highs at 94.45, in a move that was likely accelerated by stop loss positions tripped.
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