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Flash: AUD/USD interim bottom - Commerzbank

FXstreet.com (London) - Analyst, Axel Rudolph at Commerzbank said that AUD/USD seems to have hammered out an interim bottom at 0.9593 on Thursday.

He explained that this was right within the 0.9640/0.9580 support area made up of the 2008-2013 uptrend and the 2012 low. He expects to see further strength for at least another day or two and won’t be surprised if the currency pair were to retest the 0.9842 May 21 high. ''The positive divergence seen on the daily RSI reinforces their short-term bullish outlook.'' He said that the 2012 low will act as the break down point to 0.9404/0.9388, the inter-year pivot and our medium term downside target.

Flash: Views from Tokyo - Nomura

Nomura strategists have spent the week in Tokyo, a week which was largely spent awaiting Mr Bernanke's testimony, which suggested that while no changes are imminent and purchases could slow “in the next few meetings” if the labour market is strong.
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Flash: Yen implications of the JGB sell-off (23 May) - Societe Generale

Societe Generale strategists believe that the recent spike in JGB yields has raised the concern that the market might already be challenging Japan’s new policy.
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