Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at 78.88. Yen underperformance lifted USD-JPY to an intraday high of 109.55. EUR-USD edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground.
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