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USDJPY continues to trade sideways, caught....>

FOREX
FOREX: USDJPY continues to trade sideways, caught between rising US stocks and
declining US bond yields. The pair trades at 110.98 and looks likely to continue
taking cues from US markets, with downside risks rising as the Nasdaq has begun
to underperform.
- Yen crosses are showing some signs of potential though amid the stability in
EM FX. The 10-day rolling correlation between EM FX and AUDJPY has risen to
multi-year highs at 0.99.
- A close above 80.83 would be a bullish signal for AUDJPY allowing the pair to
trade back into its 6-month trading range. 

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