Euro Pressure Eases, Yen Presses Upward
Euro traders are relieved and margin traders in Japan are not. It's time for your FX Fix.
China's GDP showed annual growth of 9.5%, that was enough to boost the Australian dollar. [ibtimes.com]
With dollar-yen at its lowest level since just after the March earthquake, Japanese intervention could be in the offing. [WSJ]
Meanwhile, margin traders in Japan now hold record amounts of positions betting that the yen will weaken, J.P. Morgan estimates. [FT]
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