Forex news and economic data headlines for the European session 9 June 2016
Asia round-up:
RBNZ holds, NZD soars
A steady start in Europe burst into life just as I sat down. Large sell orders had been pushed through GBPJPY in London and then Japanese investors decided that they didn’t have enough shorts in EURJPY and so started piling in to those. EURJPY lost around 100 pips from 121.70 from the start to finish of that move, and it took EURUSD along for the ride as we fell through 1.1400 down to 1.1342 late in the session. Yen pairs have stabilised somewhat but now the euro is looking soft all on its own.
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