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Sees broader base buying

JPY
  • A broader base buying in JPY, testing intraday high against the GBP, USD, EUR, and AUD.
  • Next downside support in USDJPY comes at 135.26 Low Mar 1.
  • Worst performer against the Yen is the Aussie, a continuation from the overnight session, after the AUD came under pressure after the RBA signaled that future tightening will depend on data.
  • Market participants will look at 90.232, the February low in AUDJPY for next support area.

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