IIFT Daily Note with Peter Brown

JPY Depreciation

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We have seen a consistant move lower for the JPY in recent sessions. Against the USD and the CAD. Slow moving markets both and mainly strategic plays but expect JPY weakess to continue so buy on dips.

Good gap close yeaterday on the S&P although it took it’s time. We have reached the top of the range again this morning and  Euro is in the mid 1.30’s .  Will depend on the mood first thing this morning but it will be hard to rally past recent highs.

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