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JPY crosses slightly higher in early trade

By   || September 30, 2009 at 23:08 GMT
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USD/JPY is in a consolidation phase after its break below 91.00, with profit-taking buyers towards 89.00 and longer-term sellers now close to the breakdown level. With pairs like the AUD/USD starting to make new highs, this is starting to have a short-term effect on the JPY crosses as they also consolidate/retrace some of their losses from the last 10 days.

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