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Not like there was no action at all on Wed. The EURUSD
made quite a swing amid whispers that ECB could revise the inflation
outlook lower given weaker energy prices. The pair pulled back towards
the 1.12-figure at one point in late Asia yesterday before making a
complete reversal back towards 1.1280, last seen tapering off around
1.1250-levels, underpinned by bargain hunters ahead of ECB meeting today.
USDJPY seemed to have made a tentative base around 109-figure,
unperturbed by the...
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