ForexLive Asian market open: GBP loses some of its shine

Very little change in the major pairings compared with yesterday morning which normally means that we will have a quiet session in Asia. Japanese GDP and unofficial Australian inflation expectations are unlikely to move the market much so we will depend on stockmarket sentiment and emerging market flows to add some volatility. The GBP has lost some of its shine overnight, making new intraday lows against the JPY (now approaching important technical support) and also breaking solid technical support against the USD.

Good luck today.

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