With hawkish fed hinting more rate hikes to come this year. Investors are unwilling to take risk. Stock market is hesitant taking risk. That is reflected on carry trades and significantly on yen crosses. The most striking impact is on eur/jpy and gbp/jpy. With ECB showing no urgency is tapering or hiking rates any time soon. eur has taken a tumble taking along eur/jpy with it.
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