A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY cross managed to carve out an eight-day high, putting in some space from recent five-month lows.
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