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The Japanese yen found itself at the top of the daily leaderboard thanks to calls for BOJ tightening and a big return in broad negative risk sentiment.
Market correlations fell in & out of sync & broad risk vibes were soured as traders juggled several major market narratives, including fears of a slowdown in China.
Just as in life, trading requires that you keep your balance even when you’re under tremendous physical and emotional stress.
EUR/JPY is sporting a verrry interesting reversal candlestick on the daily time frame. Is the pair ready to return to its longer-term trend?
The major assets were ready to extend themes from the previous day when the U.S. GDP release shook up overall price action.
The U.S. economy grew much faster than analysts estimated in Q2 2024. So why did the U.S. dollar barely react to the news?
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