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USD/JPY ticking higher along with crosses

By   || August 23, 2009 at 22:31 GMT
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AUD and NZD are now sitting quietly consolidating their earlier gains and USD/JPY continues to tick very slowly higher. There has not been much interest in Asia so far this morning but most dealers seem to be setting their books for a “risk-on” session with the Nikkei likely to rise along with other regional markets and JPY crosses likely to follow suit. Exporter interest to sell USD/JPY just above 95.00 is expected to be firm.

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