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Broader lows for the Yen

JPY
  • USDJPY edges towards the figure, ahead of the initial resistance noted at 156.28.
  • The Yen is seeing broader offers, now against the EUR, GBP and AUD.
  • AUDJPY continues to trade at levels seen pre potential last "intervention" from the MOF, was trading circa 102.50, but traded as high as 102.753 on the 1st May, which will be seen as the next resistance area.
  • Recall that Japan Kanda has once again denied that officials confirmed intervention, putting cold water on Tokyo TV unnamed source report Yesterday.

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