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Testing new lows against the EUR, GBP, AUD

JPY
  • AUDJPY look to test 103.00 once again, printed a 103.05 high on Friday.
  • Next upside area of interest is at 103.48, Friday's 26th April late rally, followed by 104.943, the following Monday's spiked, before what most market participants speculate was the first intervention from the MOF, although Japan's Kanda refuted unnamed sources report and provided no clarity or comment multiple time last week.
  • EURJPY now eye 168.49, the level where it was trading around on the 1st May, pre second speculated "Intervention".
  • EURJPY printed a 168.66 high on that day.
  • Next resistance in GBPJPY is at 195.755.

Chart source: MNI/Bloomberg

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