With G7 meetings later today and tomorrow, we are seeing some profit taking in risk sensitive instruments. GBP/JPY bounced off of 100 WMA near 143.30 and rallied 500 pips, retracing three quarters of the decline in May, before turning lower. AUD/USD is also off a cent after testing 0.77 earlier this week.
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G7 Meetings
Hello
G7Meetings started yesterday, and will be until tomorrow so be careful the market is going crazy these days .
G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded. Both…
G7Meetings started yesterday, and will be until tomorrow so be careful the market is going crazy these days .
G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded. Both…