Daily Report: Yen and Dollar Soar on China Tightening Concern, German Ifo and UK GDP

[Forex-Outlook]

Yen and dollar are sharply higher today as Asian stocks tumble broadly on concern of more tightening from China to guard against inflation and asset bubbles. There are talks in the market that PBoC will ask several domestic banks to raise their reserve ratio. Industrial & Commercial Bank of China...

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