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Risk returns to markets as JPY crosses........>

FOREX
FOREX: Risk returns to markets as JPY crosses outperform
- The USD was softer against the bulk of its major counterparts in Asia. JPY
crosses were driven higher by AUDJPY demand that was attributed to Japanese
banks, with the AUD outperforming as a result.
- JPY cross demand continued into Europe as risk returned to markets.
- GPPJPY traded above the 200-dma (Y148.35) in Asia, momentum continued in
Europe to Y149.18. The move underpinned GBPUSD to $1.4199 with focus on last
Thursday's BoE rate split react high of $1.4219.
- EURUSD dragged higher by EURJPY touched $1.2399 and is expected to meet
resistance ahead of $1.24.
- Antipodeans received a welcome relief. NZDUSD was supported overnight
following the RBNZ's new PTA and Trade data, rate continued firm in Europe to
NZ$0.7290. AUD dragged higher on the move touched $0.7745, before fading.
- ZAR remained well supported after Moody's affirmed SA credit rating on Friday
and revised the outlook to stable from negative. USDZAR printed ZAR11.604 with
next support at ZAR11.507 from the YTD low. 

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