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Free AccessAUSSIE-YEN: AUD/JPY has dived 40 pips in today's.....>
AUSSIE-YEN: AUD/JPY has dived 40 pips in today's Asia-Pacific session and last
sits at Y77.92, as a broader risk-off tone is apparent across the FX space.
Worth mentioning the Nikkei 225 started on the front foot, but slipped into
negative territory and last trades ~0.3% lower.
- Bears focus on Y77.73, which limited losses on Friday. A breach of that level
would bring the Feb 8 low of Y77.44 into play. Conversely, bulls look to the
lower 1.0% 10-DMA envelope at Y78.07. Above here opens the 55-DMA at Y78.36.
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.