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Yen supported, and Euro and GBP sell off at Brexit Fears

Risk was off at Friday’s US close, the major US equity indices closed negatively as a Fed and a BoJ Central Bank decision loom this week, and the Brexit vote on the 23rd continues to weigh on people’s minds as the freshest polls hit the wires – and seem to favour the “leave” campaign. Meanwhile even the shooting in United States over the weekend helped to sour the mood.

The Yen is making fresh highs against the USD today, at the time of writing the USDJPY slipped to session lows of 106.07 as the JPY garners support. Risk-off mode also refelcted in Asian equities earlier in today’s session, the Japanese Nikkei sold off vigorously at the Yen’s strength, fears of Brexit and important Central Bank anouncements later this week.

The GBP sold off against the USD as it marked session lows of 1.4158 this morning, and marking lowest levels since the 18th April. The euro was also weaker against the USD after a 2-day decline and is currently at 1.1248.

Today’s economic docket is relatively quiet and much of today’s moves will thus likely be dictated by overall sentiment and any fresh headlines.

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