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JPY crosses accelerate again

By   || July 20, 2010 at 02:42 GMT
|| 1 comment || Add comment

AUD/JPY has led the way higher again and stops above .8760 in AUD/USD have soaked up the selling interest which we mentioned earlier. More stops are touted above .8780 and the AUD bears like myself are having to re-think.

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One Response to “JPY crosses accelerate again”

  1. david on July 20th, 2010 02:51 GMT

    According to Japanese “click 365″ data, Japanese investors (presumably) are longer AUD/JPY than any other JPY pair, by quite some margin.

    They have been buying since the beginning of April / end of March.

    Here’s today’s data:
    http://www.tfx.co.jp/mkinfo/document/fx_sellbuy.xls

    (Click 365 is exchange based FX margin trading in Japan)

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