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AUDJPY extends gains, up 0.43%

YEN

Further JPY selling continuation in Europe trading hours, following on the Asian session.

  • Desk noted some Month end/Quarter end flows, with exporters said to be buyers of AUDJPY, noted by Bloomberg from traders overnight.
  • AUDJPY is up 0.43%, but broader selling of JPY versus EUR, GBP, USD is also going through.
  • AUDJPY next initial resistance is seen further out at 23/09 high 75.394

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