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Forex Flash: USD/JPY may remain trapped ahead of BoJ meeting - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that USD/JPY may remain trapped ahead of the upcoming BoJ meeting next week, with the situation also compounded by increasing apprehension on the risk appetite front.

He writes, “In a nutshell, we think the near term trajectory of the USD/JPY may boil down to just how much the dovish expectations of further monetary easing have been priced in, with BOJ governor Kuroda chiming in almost daily. In the interim, the pair may fade any upticks to 95.00 with support expected towards 93.30 and then at the 55-day MA (92.89).” Moving to AUD/USD he notes that depite the European malaise, AUD has not been unduly unnerved just yet and he feels that the confluence of the 55D MA (1.0376) and the 200D MA (1.0380) yields and important zone of support. Meanwhile, he adds that market apprehension globally may limit upticks to the 1.0490 area. He writes, “Assuming a sense of containment in Europe prevails, we would remain better buyers into dips for now.”

Forex Flash: Investors remain jittery over Cypriot developments - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that investors remain jittery in the near-term over the potential for developments in Cyprus to lead to broader contagion materially undermining investor confidence in euro-zone assets.
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Forex Flash: Commodity pairs and EUR crosses broadly neutral - UBS

UBS Strategists Gareth Berry and Geoffrey Yu have taken a technical look at this mornings Commodity pairs and Euro crosses and note that there is a neutral bias.
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