China's credit fears on the rise

On the back of a surprising Fed announcement, finally kick starting its long-awaited taper ($10 bn monthly reduction to $75 bn), another concern for Asian investors is the tighter financial conditions in China.
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EUR/JPY pulling back early Thursday after big up day Wednesday; next upside target 145.76

EUR/JPY resumed the upside Wednesday as the cross reflected the very strong “risk-on” attitude. Thursday, though, EUR/JPY is pulling back – but not technical signs of a major sell-off exist right now.
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