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JPY: corporate buying still the driver in Asia

By   || March 11, 2010 at 03:14 GMT
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Repatriation flows are still the main driver of the JPY pairs during the Asian session. These seem to dry up overnight when other factors take control. USD/JPY has slipped 30 pips lower today and all of the JPY crosses are also lower, AUD/JPY by 65 pips and EUR/JPY by 50.

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