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Free AccessAmid improving risk appetite JPY crosses........>
YEN: Amid improving risk appetite JPY crosses firmed across the board in Asia
lending support to the majors. EURJPY squeezed through Y128.00 to Y128.29 and
largely consolidates gains into Europe. Resistance at Y128.54 (May28 high),
opening Y128.75/88 (61.8% Y131.30-124.62, May24 high). GBPJPY printed Y146.73,
expect resistance on approach to Y147.00. Strong Australian Retail Sales broadly
supported the AUD, AUDJPY touched Y83.59 with eyes on the 100-dma (Y83.69) for
the next leg higher. CADJPY improved to Y84.80, double-top resistance seen on
approach to Y85.00 (Y84.90/96 - 100-dma, May30-31 highs). NZDJPY lifted to
Y76.87, resistance at Y77.09 (50% Y79.61-74.56).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.