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Swiss Franc Surges, Yen Under Pressure, Aussie Looking at Copper

Yen is once again back under selling pressure today, with the selloff mainly concentrated against Swiss Franc, and to a lesser extent Euro. Risk-on sentiment, rising benchmark treasury yields, and the expectation of BoJ keeping policy ultra-loose will likely keep Yen weak for the time being. The only question is whether selling would intensify again. That might depend on market reactions to the development regarding US debt ceiling negotiations. Meanwhile, Australian and Canadian Dollar are foll...
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