Nikkei edges higher, modest short-covering in EUR/JPY

Author: Sean Lee | Category: News

The margin traders who take their leads from equity markets will now be starting to buy back their EUR/JPY shorts from earlier, as the Nikkei has inched 0.2% higher after being slightly lower in early trade.

EUR/CHF is lacking the necessary momentum to test the big 1.2000 barrier and is back near 1.2030.

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