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Forex: GBP/USD extends its decline, eyes on 1.5500

The sterling is intensifying its downside on Thursday, as risk aversion is taking over the markets. The bearishness surrounding GBP is dragging the cross to the vicinity of the key support at 1.5500 as the negative effects of the BoE inflation report are still weighting.

At the moment, the cross is losing 0.18% at 1.5513 facing the immediate support at 1.5506 (low Aug.3) ahead of 1.5490 (low Aug.2) and then 1.5458 (low Jul.26).
On the flip side, a surpass of 1.5690 (high Feb.13) would aim for the psychological level at 1.5700 en route to 1.5712 (MA10d).

Asian markets mostly up on Thursday, European futures down on GDP data

Japan's Nikkei Stock Average (+0.50%), Hong Kong's Hang Seng (+0.82%), China's Shanghai Composite (+0.57%) and South Korea's Kospi (+0.18%) rose like most equity indexes in Asia as investors' mood is up due to New Year. BoJ policy settings were kept unchanged.
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Forex: USD/JPY volatile on BoJ and candidates for Governor

Thursday trading started with a spike down to 93.14 low followed by a spike up to 93.64 on volatility caused by the BoJ monetary policy, which was left unchanged as Governor Shirakawa is at the end of his term. As the USD/JPY trades with European money, the market went to test its highs and extended to 93.71. As of writing, the pair quotes around 93.50.
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