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Early Aud/Jpy demand supported to post.......>

AUSSIE
AUSSIE: Early Aud/Jpy demand supported to post Tokyo fixing highs of $0.7758
overnight but with lack of follow through was quick to pare gains. Slippage
extended to $0.7728 in early Europe, before dip buyers emerged to retain the
narrow 30 pip range. On a technical basis a close above the 100 & 200-dma's
($0.7779/7809) is needed for the next leg higher. Support at $0.7687/66 from the
March lows. Aud/Usd last $0.7735. 

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