Market Update
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Very volatile FX market as the JPY rebounds the most in five months, suggesting a return of risk willingness.
Former Fed Chairman Greespan sees one-third probability of recession this year, contradicting with Bernanke’s words on a strengthening economy.
Asia-Pacific markets corrected higher overnight and we see Europe trying higher today as well.
Indices should be able to recover a bit ahead of Friday’s NFP.
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