"Short-covering in the currency market and U.S. futures market is limiting selling," said Yutaka Miura, senior technical analyst at Mizuho Securities. "But overall sentiment remains fragile.""Friday's Brexit jump scare has faded, but markets are still worried" about its possible effect on global demand, SLW brokerage trader João Paulo de Gracia Corrêa said.Policymakers from Japan to China vowed to protect their economies and markets from the destabilizing impact of Brexit."It's hard to avoid short-term volatility in China's capital markets, but we won't allow roller-coaster rides and drastic changes in the capital markets," Premier Li Keqiang said at the World Economic Forum (WEF) in the city of Tianjin.In currency markets, sterling was changing hands at $1.3291, after falling to a three-decade low of $1.3122 on Monday, its weakest since 1985.Against the yen, sterling rose 1 percent to 135.54 (GBPJPY=R), not far from Friday's 3-1/2 year low of 133.18. The euro stood at 82.93 pence (EURGBP=R) after scaling a two-year peak of 83.79 pence on Monday.The euro edged down slightly to $1.1060 , not far above Friday's three-month low of $1.0912 after the British vote.
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