The Yen has been underperforming for the most part...

The Yen has been underperforming for the most part, but is now in danger of a more pronounced reversal towards 103.50 vs 102.60 or so at the other extreme, while the Franc has recoiled back through 0.8800 and Loonie is losing touch with buoyant oil prices due to the scale of its US counterpart’s revival to trade nearer 1.2720 than 1.2630 peaks in the run up to Canadian data tomorrow. Euro on the other head looking optimistic after 1.1bn expiries rolled off at the NY cut.

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