UJPY - Brexit Fears Weigh On Sterling

• The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend.
• The dollar had held above JPY104 for the past two sessions, but yesterday recorded a bearish shooting star candlestick.
• European officials have succeeded in securing the EU budget and recovery plan.
• The US federal government's spending authorization is exhausted at midnight.
• The US dollar fell to almost CAD1.27 yesterday, a new 2.5 -year low.

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