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AUD/JPY selling leading crosses lower

By   || August 7, 2009 at 01:53 GMT
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Not much to be read into this we believe, just some mild profit taking and position reduction out of Tokyo ahead of the payroll numbers tonight. AUD/JPY has fallen from 80.40 back below 80 and if it breaks below 79.25 it might lead to another round of long-culling but this level is probably safe given the current lack of momentum in the market.

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