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Aud/Jpy sales pressed to extended YTD lows...>

AUSSIE
AUSSIE: Aud/Jpy sales pressed to extended YTD lows of $0.7643 overnight, but
with lack of follow through encountered willing dip buyers to hold either side
of $0.7660. Recovery efforts extended to $0.7680 into Europe on the back of
moderate USD supply and holds firm at typing. The mth/Quarter end USD buying has
hurt the antipodeans in recent session and the aussie will look to reclaim the
$0.77 handle and push on to test $0.7735 (Congestion area Mar23-27). Strong
downside support remains at $0.7600 which holds very large (A$1.24)
optional-expiry interest for today's NY cut. Aud/Usd last $0.7674. 

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