The Wall Street Journal said European stress tests for banks understated some holdings of sovereign debt. With German factory orders sliding as well, the Euro was pressured amid general risk aversion. The USD/JPY meanwhile proved a fresh 15-year low as traders saw signals from the BOJ that it would not directly intervene in currency markets.
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Market Analyst: Nick Nasad
Great analysis Nick. You cover it well technically and fundamentally. 2 thumbs up
bigheart270 1 year ago