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RBC analysts write that the recent............>

FOREX
FOREX: RBC analysts write that the recent gyrations in FX markets have led to a
much needed clear out of stale positions and with limited systemic contagion.
RBC recommend watching AUD/JPY as a risk play, particularly as the cross sits
just shy of its 200DMA (Y86.56). On the dollar, RBC write that the DXY's failure
to recover above 90.0 may have emboldened greenback bears. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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