Risk aversion vibes were strong this week thanks to rising growth slowdown and geopolitical fears. As usual, the Japanese yen was a big beneficiary, especially when hawkish comments from Bank of Japan Governor Ueda drew in heavy buying later in the week. And right on cue with risk off environments, the Aussie and Kiwi trailed the majors, potentially with the help of a less hawkish than expected monetary policy statement from the Reserve Bank of Australia.
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