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Forex Flash: AUD/USD to test 1.01 - BBH

The AUD/USD is currently showing a price activity which is pre-preemptive of a breakout lower, currently breaching the 1.0180 post Australian data.

According to Marc Chandler, Global Head of Currency Strategy: "Bounces seem to have become shorter and shallower. The $1.2040-60 area should cap up ticks if the downward momentum is going to be maintained. We look for a test on the $1.01 area in the days ahead."

BoJ Kuroda will do whatever it takes to end deflation

he confirmation hearing for Mr. Kuroda as the new chief of the BOJ is taking place in the parliament, and the first headlines are crossing the wires. Among them, he said that monetary policy will be deployed to conquer deflation...
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Forex: AUD/USD shows clean 1.0180 breakout

After setting the stage for a breakout to the downside, sellers have finally come in earnest to take the AUD/USD spot rate from 1.0180 key support all the way down to 1.0160, tripping a few stops in the process.
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