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Forex Flash: Sell USD/JPY via options - Westpac

According to Robert Rennie, analyst at Westpac in Sydney, "verbal intervention has played a much larger part in pushing the ¥ down than most believe", thus making the recent G7 statement on soft warning to Japan about current policies "all the more important for USD/JPY" he says. "We therefore recommend selling USD/JPY via options" he adds.

Commodities Brief: Gold falls to fresh 6-month lows against Oil

Divergences between Gold falling and Oil around 5-month highs is making the gold:oil ratio fall to fresh 6-month lows, last at 16.80, lowest since mid Aug last year, and well below its 50 and 200 day SMA around the 18.00/40 level. Other metals like copper also show healthy signs near 5-month lows, while other commodities like wheat, corn or sugar move around multi-month lows.
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Forex: GBP/JPY breaks below 2-week lows 143.50

GBP/JPY is currently pressing lower to 143.37 fresh lows for the month of February, mostly on Yen strength, coming from USD/JPY longs profit taking, or short Yen covering, coupled with continued Pound weakness, making Pound the weakest currency among majors for last few days, while Yen is catching up with Kiwi as the two strongest ones.
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