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JPY crosses slip back after Tokyo fix
Typical market shenanigans where dealers mark the market higher into the fix, then fill the demand at the higher level, and then the market slips back afterwards.
AUD/JPY buying out of Tokyo
Looks like there’s some decent fixing demand for the JPY crosses with AUD/JPY leading the way despite the less than inspiring Australian economic data. EUR/JPY is above 121.50 and there is talk of stop-loss buy orders above 121.70/75.
Australia Q4 current account deficit as expected
The actual number was AUD$17.46 billion. Business inventories were +0.2%, less than the 0.7% expected, and company gross operating profits were +2.2%, also slightly less than expected.
Property prices in China rising by up to 20% per month
That is according to this article in the UK Telegraph. Anyone for bubbles?
Nikkei opens slightly higher, cable recovering
Cable has been the big mover early in the session, falling to a low of 1.5133 after closing in NY at 1.5250 on Friday. 50% of that fall has now been unwound with the cable back at 1.5190. The Nikkei and Kospi have both opened slightly firmer.

AUTOREFRESH 


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