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Barclays trade of the week is to short........>

FOREX
FOREX: Barclays trade of the week is to short Aud/Jpy (spot ref Y81.03)
targeting Y78.00 with a stop loss of 83.138 (18-month 50% retracement) after the
well-capped rebound last week. Barclays note Sino-US trade war concerns could
weigh on a high-beta currency such as AUD, particularly given its late-cycle
domestic dynamics and expected moderation in Australia's terms of trade. On the
other hand, JPY could benefit from safe-haven flows and domestic political
scandals point to a risk of further JPY appreciation.

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