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Asia: Slow markets ahead of FOMC

FXStreet (Bali) - A very slow Asian session, with the primary theme still being USD a tad softer on position adjustment - as seen on Monday - ahead of Wednesday's FOMC outcome.

AUD/USD exhibited a mildly bullish tone, printing a session high of 0.8828 before retracing a few pips towards 0.8820. NZD/USD chewed through some weak stop at 0.79 before stalizing around the round number. USD/JPY tested 108.00 psychological number before returning towards its NY close at 107.80. EUR and GBP were paid at 1.27 and 1.6130 respectively.

Japan was the only country publishing relevant economic indicators, with the retail trade s.a (MoM) increased to 2.7% in September from previous 1.9%, while large retailer's sales were down to 0.5% in September from previous 1.6%.

EUR/JPY: Potential to test 138 while above 136.48 - 2ndSkies

According to Chris Capre, Founder at 2ndSkies, e as long as EUR/JPY can hold ST support around 136.48, the pair has the potential to test the resistance just under 138.
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GBP/JPY bulls set their eyes at 174.00

GBP/JPY tested waters above 174.00 pivot, but could not hold ground and retraced towards 173.95. The cross is oscillating within a range limited by 174.14 on the upside and 173.70 on the downside.
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