FX – Sterling Rebounds

Sterling extended the rebound that started on Monday. The move was mainly technical in nature, but the eco data reinforced the price action. The yen declined a bit further after recent ‘verbal interventions’ from the Japanese Finance Minister, but we have the impression that the move has no strong legs.

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This entry was posted on Wednesday, September 30th, 2009 at 8:58 am and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.