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JPY has picked up a bid in sync with............>

YEN
YEN: JPY has picked up a bid in sync with downticks in U.S. equity index
futures. Headline flow remains light and we haven't seen any data releases over
the last 2.5 hours or so. Japanese markets remain shut today.
- USD/JPY has taken out Apr 29 low and last trades -30 pips at Y106.28. It is a
welcome development for bears, who target Mar 17 trough at Y105.81.
- AUD/JPY has given away 26 pips and sits at Y68.29. Bears look for a drop below
May 4 trough at Y68.00, towards Apr 21 low of Y67.29.
- NZD/JPY trades at Y64.25, 24 pips worse off. The earlier uptick registered on
the back of above-forecast (though outdated) New Zealand's jobs data has been
more than erased, with bears looking for further losses past Ma 4 low of Y64.12,
towards Apr 23 low of Y63.74.

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