3min chapter

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Japan's Market Pullback Flashes Warnings For Global Markets

Market Depth

CHAPTER

The Turkish Lyra Is in Meltdown Mode

The Turkish Lyra has been in slow meltdown for the past, say, year and a half or so. Today at FX market open in early Asia trading hours, the Lyra plunged down 7%. A 7% plunge is especially bad for those who are long of Lyra. Japan retail is probably the most active force in the Lyra at the moment.

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